Indore: Police on Thursday arrested eight fraudsters for allegedly hacking into bank accounts of users of net banking and siphoning off the money into their own accounts, and seized a number of ATM cards, mobile phones and important documents from them.

The gang comprising eight members allegedly transferred amount to the tune of Rs 25 lakh over the past six months from a number of accounts with private banks including ICICI, Axis Bank and IDBI Bank, SSP A Sai Manohar and ASP (Crime) Manoj Rai told a joint press conference here.

The officials said that the gang had links in Maharashtra, Andhra Pradesh, Kerala and Tamil Nadu. The accused have been identified as Navaid, Tausif, Asif, Firoz, Arafat, Gulzar, Bablu and Ajju Bhai -- all from Indore.

Except Tausif, the seven others allegedly opened bank accounts on fake addresses and identities, they said.

So far three account-holders had approached the police complaining the fraud and cases under relevant sections of the Information Technology Act and Forgery Act have been registered with Tukoganj and Sanyogitaganj police stations, they said, adding further investigations are on in the case.

(Agencies)