Gurugram, Apr 20 (PTI) The Gurugram Police has arrested an accused in Rs 1 crore cyber fraud case from Visakhapatnam in Andhra Pradesh who had transferred money from a company in a fake bank account after hacking into the e-mail ID.

The police have recovered a mobile phone and 2 SIM cards from his possession and also frozen the fake account of the accused.

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According to the police, on March 27 a complaint was received at cyber crime, east police station and the complainant alleged that a person hacked into the e-mail ID of his company and transferred Rs 87,17,714 by his company employee to an account with Kotak Mahindra Bank in the name of investment.

An FIR was registered and the probe was initiated.

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A team led by Cyber police station head inspector Jasveer finally nabbed the accused, identified as Manohar Appam, from Visakhapatnam.

"The accused got the money transferred in a fake bank account after hacking into the e-mail ID but now he is in police custody. We will take him on remand after produced him before a city court on Friday," said Priyanshu Dewan, ACP, Cyber.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)