The cybercrime branch in the city has busted a gang running an online fraud. The gang made 4,259 fraudulent FASTag recharge-refund claims and siphoned off whooping Rs 20 crore. According to a newspaper report, the cybercrime department arrested four people who were beneficiaries of the fraud money.
The banks were initially investigating the frauds internally and found that unidentified people had claimed huge refunds for the FASTags. Some of the accounts that had claimed refund were not functioning and few had even zero balance. FASTags were made compulsory at all Toll Plazas of National Highways from December 1.
Police added that the investigation could take a little longer time as the fraudsters transferred money from one account to several different accounts in different parts of the country. They also withdrew money from different ATMs which could take the time to track.
The Road Transport and Highways Ministry had last month made the implementation of FASTags at toll plazas on the National Highways compulsory.
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