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News >> Technology >>
Indian BPO staff swindles $425,000
By siliconindia staff writer
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Tuesday, 12 April 2005, 19:30 IST
PUNE:The Pune police has arrested former employees of Mphasis BPO on charges of fraudulently transferring $425,000 from the accounts of four customers of their BPO client.
According to the Police investigating the cyber crime, while the 12-member gang was arrested last week for illegal transfer of $350,000 from Citibank, during interrogation, the police learnt the gang had fraudulently withdrawn an additional amount of $75,000 from the account of an U.S. citizen.
The Mphasis staff members acquired the passwords to end customer accounts and transferred the money to their own accounts. The fraud occurred from the end of February until last week. The misdeeds came to light when the customers noticed the missing funds. Citibank then tracked the activity to Mphasis' Pune customer service center. Police said the gang had transferred the entire amount using Internet facilities from various internet parlors in the city.