Guwahati: Assam Police have arrested five people from Morigaon and Nagaon districts in connection with a major cyber banking fraud that reportedly caused losses exceeding Rs 25 lakh.
A special police team in Morigaon district carried out the operation late at night.
Police said the accused allegedly targeted Axis Bank by submitting fake documents to withdraw funds illegally.
Based on intelligence received, the team raided multiple locations in Laharighat, Moirabari, and Dhing, which resulted in the arrest of all five individuals.
The arrestees include Azaharul Islam (28) from Hatimuria Ward No. 4, Moirabari; Mahmud Hassan (28) from Panbari Ward No. 3, Dhing; Rianud Zaman (21) from Chatiantoli Ward No. 7, Laharighat; Rakibur Rahman (26) from Gayan Gaon Ward No. 5, Dhing; and Baharul Islam (34) from Borthal Kacharigaon Ward No. 7, Moirabari.
During the operation, police seized various items linked to the fraud, including mobile phones, debit cards, cheque books, a passport, bank passbooks, a PAN card, and an Aadhaar card.
Officials said that the suspects may have used the devices and documents to forge identities and manipulate banking systems.
Initial estimates suggest the fraud exceeds Rs 25 lakh, but authorities warned the total could rise as the investigation progresses.
Authorities added that questioning of the suspects is ongoing to uncover the full network, find other involved individuals, and check for similar frauds in other areas or banks.