According to a police complaint filed by HSBC's unit with the cyber crime wing in Bangalore, Nadeem Kashmiri, 24, allegedly accessed personal and debit card information of some of the bank's customers in the UK and passed it to his associates for conducting fraudulent transactions through ATM, debit cards and telephone banking services. The bank estimates a loss of 233,000 pounds.
According to the cyber crime branch cell, the accused has been absconding ever since the firm conducted an internal inquiry. "The normal course of action is to arrest the accused. Since he is absconding, we have detained his relatives to elicit information about his whereabouts," the police said.
This crime is expected to aggravate the debate on security issues facing the BPO sector in India, after many concerns were raised across the globe on transferring work to India.
Reacting to the controversy, a spokesperson for HSBC in India said: "HSBC
