India, Jan. 22 -- Assam Police have arrested five people from Morigaon and Nagaon districts in connection with a major cyber banking fraud that reportedly caused losses exceeding Rs 25 lakh.

A special police team in Morigaon district carried out the operation late at night.

Police said the accused allegedly targeted Axis Bank by submitting fake documents to withdraw funds illegally.

Based on intelligence received, the team raided multiple locations in Laharighat, Moirabari, and Dhing, which resulted in the arrest of all five individuals.

The arrestees include Azaharul Islam (28) from Hatimuria Ward No. 4, Moirabari; Mahmud Hassan (28) from Panbari Ward No. 3, Dhing; Rianud Zaman (21) from Chatiantoli Ward No. 7, Laharighat; Rakibur Ra...