Two people, including a business development manager of a private bank in Delhi , were arrested for cyber fraud worth Rs 4.97 crore under the pretext of investment in stock market, police said. The accused IndusInd bank employee facilitated bank accounts for cyber criminals, officials said. Police said a complaint was received on November 30, 2024, regarding fraud of approximately Rs 4.87 crore. A case was registered at the Cyber Crime East police station under relevant sections. During investigation a team arrested Avinash Sharma and Aditya Chaturvedi -- from Delhi on Thursday, police said.

Chaturvedi has been working as a business development manager in IndusInd Bank, Gujranwala Town-2 branch in Delhi, for the past two years, they added. A senior police officer said Sharma's bank account was used in the fraud. He had had allegedly provided his account to Chaturvedi for Rs 25,000. Investigations revealed that while working at the bank, Chaturvedi was approached by another person who offered him Rs 10,000 for a savings bank account and Rs 50,000 for a current account.