Irshad Malik, a 35-year-old Relationship Manager at a private bank, was arrested by the Delhi Police Crime Branch for allegedly facilitating a cyber fraud scheme. He opened a bank account using forged documents, which was later utilized to siphon ₹88,000 (approximately $1,060 USD) from victims. The case emerged after a complaint was filed at the Cyber Police Station in Dwarka in October 2023 regarding unauthorized withdrawals from a State Bank of India (SBI) account. The funds were traced to an account at RBL Bank under the name 'Lawrie Trade Exim'. DCP Crime Branch Harsh Indora stated that Malik misused his position to bypass proper Know Your Customer (KYC) verification, fully aware that the account would be used for fraudulent activities. Prior to Malik's arrest, four individuals connected to the racket were apprehended but are currently out on bail. Investigations revealed that the fraudsters lured victims through enticing job offers on social media and Telegram, initially providing small returns to encourage larger investments before disappearing with the funds. The police are continuing their investigation into the organized fraud operation.