Chandigarh, Aug. 25 -- Having never activated internet banking, a Chandigarh resident was shocked to learn that cyber fraudsters had siphoned off Rs.25.54 lakh from his bank account through online transfers.

What unfolded next exposed a nexus in which his surrendered mobile number landed in the hands of a trader, who, driven by greed, connivedwith two bankers to steal his life savings.

Hot on the trail of the three accused, all hailing from Haryana, for three months, police have finally arrested them.

The complainant, a Chandigarh resident, a former Class 4 employee with Chandigarh Municipal Corporation (preferring not to disclose identity), maintained his retirement savings in an account at Punjab National Bank's Sector 26 branch.

On...