The Cyber Crime Wing of the Central Crime Branch (CCB) in Bengaluru on Monday busted an international cyber crime where a private firm was hacked and ₹47 crore was stolen from its bank accounts.
The police arrested two individuals who were facilitating the cybercrime, but they were low-level operatives, although it was alleged that the top of the scam was based outside Dubai.
CCB was also able to partially recover ₹10 crore.
“This is the first case of its kind that the CCB team has cracked. We have collected the details of the accused in Dubai and are trying to trace them,” city police commissioner Seemant Kumar Singh said.
According to a complaint by a senior manager of Wisdom Finance Pvt. Ltd., several unauthorized and suspicious money transfers of ₹47 crore were made from the company’s bank accounts within two and a half hours at midnight on October 6.
The company’s internal investigation revealed that these transactions were not made from its official systems or registered IP addresses. Instead, they came from foreign IP addresses, the complaint said.
The police found that a total of 1,782 transactions were made from the accounts of Wisdom Finance Pvt. Ltd. and the money was transferred to 656 different bank accounts. Among them, in a particular transaction, ₹27,39,000 was transferred to the State Bank of India account, on the basis of which the police traced the accused, who was identified as Sanjay Patel, 43. The police arrested him from his hometown in Udayapur, Rajasthan.
A plumber by profession, Patel provided mule bills to the accused for a commission.
Further investigation revealed that ₹5.5 crore was transferred from the company’s account to the bank account of one Unknown Technologies Pvt. Ltd., Hyderabad. It was later routed to a private bank account belonging to another person.
It was also found that this transaction was done using IP addresses belonging to one Webyne data center and these IP addresses were purchased by another person who was identified as Ismail Rasheed Attar, 27, a high school dropout, working as a digital marketing executive in Belagavi. Police arrested Attar.
The investigation further revealed that the two Dubai-based kingpins rented five servers, IP addresses from Attar, hired Hong Kong-based hackers who manipulated the financial company’s API systems to bypass its security software, and made unauthorized fund transfers from Wisdom Finance Pvt. accounts ltd. using IP addresses in Hong Kong and Lithuania.
Published – 27 Oct 2025 21:05 IST
