Mumbai Man Arrested in Rs 13.96-Crore RTGS Fraud Case

Authorities detained a man from Mumbai following a breach of the Real Time Gross Settlement (RTGS) system that resulted in a banking fraud worth Rs 13.96 crore. The RTGS platform, which processes high‑value transactions in real time, was reportedly exploited to transfer funds illegally. The arrested individual is currently being held by the police while investigators examine the extent of the breach. No further details about the method of exploitation or the parties involved have been released at this time. The case is under active investigation, and authorities have urged the public to report any suspicious activity related to RTGS transactions.