The Cybercrime cell of the Pune city police have arrested seven people in connection with the major hacking of Cosmos Bank servers. The hackers had managed to withdraw Rs 94.42 crores last month by hacking into the servers of the Pune branch of Cosmos Bank. The hackers transferred Rs 94.42 crore to different accounts and later withdrew the cash in Hong Kong. The breach happened between August 11 and 13, with bank officials finding out about it on the last day and lodging a complaint.

The cyber crime cell on Tuesday claimed that four of the arrested suspects are also involved in City Union Bank, Chennai, from where Rs 33 crores were transferred.

Based on complaint from bank official Suhas Gokhale (53), an FIR was registered with Chatushrungi police station against unidentified persons and ALM Trading for offences under sections 420 (cheating), 379 (theft), 120b (criminal conspiracy), 34 (common intention) of the Indian Penal Code and relevant sections of Information Technology (IT) Act.