Cosmos Bank Fraud
Pune court convicts 11 accused in Cosmos Bank's Rs 94 cr cyber fraud case
A court in Maharashtra's Pune convicted 11 people in the Cosmos Bank cyber fraud case, in which hackers siphoned off more than Rs 94 crore through a malware attack over a period of two days in 2018, police said on Sunday. The judicial magistrate (first class) on Saturday sentenced nine of the accused to four years imprisonment and two others to three years and imposed a fine on them, an official said. The accused were convicted of charges under relevant provisions of the Indian Penal Code and Information Technology Act, he said. At least 18 persons, mainly mules, were arrested from different parts of the country in connection with the fraud that was executed over a period of two days in August 2018. As per the case details, hackers stole information of Cosmos Bank's VISA and Rupay card customers through a malware, attacked the SWIFT system and siphoned off more than Rs 94 crore on August 11 and 13, 2018. The hackers had attacked the banks' ATM switch server and withdrawn Rs 78 cro
 "Pune court convicts 11 accused in Cosmos Bank's Rs 94 cr cyber fraud case")
ED attaches assets worth Rs 47.1 cr under PMLA in Cosmos bank loan fraud
The ED said that they also conducted a fund trail investigation and found that Vinay Aranha diverted the loans and got crores of rupees in cash
 "ED attaches assets worth Rs 47.1 cr under PMLA in Cosmos bank loan fraud")
Rs 900 mn Cosmos Bank fraud: NPCI says its systems 'fully secure'
The fraudulent transactions were carried out on August 11 and August 13 and the malware attack by the hackers originated in Canada
 "Rs 900 mn Cosmos Bank fraud: NPCI says its systems 'fully secure'")
