LUCKNOW, Nov. 6 -- A deputy branch manager of a private bank and two associates have been arrested for allegedly running a nationwide cyber fraud network that siphoned off nearly Rs.20 crore through fake companies and layered bank accounts, police said.

"The accused were identified as Uttam Kumar Biswas, Rajiv Biswas and Umakant," said DCP crime Kamlesh Dixit holding a press conference on Thursday.

"There are three key members in this cyber fraud syndicate including branch manager Uttam Kumar Biswas, 44, Rajiv Biswas, 28 and Umakant, 33. Uttam lives on Kursi Road and works as deputy branch manager of a private bank. He is the mastermind of the entire operation. The gang was operating under his supervision." Dixit further added that arou...