Chennai police are on the look out for one Mr Khan of Hyderabad who was the kingpin of a racket that siphoned off lakhs of rupees fraudulently from accounts of various bank customers through internet transfers.

Chennai police have already arrested on Tuesday a Delhi based Nepali woman by name Lakshmi Bhandari who colluded with Khan and was running the racket for almost three years now. She was produced in a Delhi court and was taken to Chennai for further investigations with court permission.

The investigating officials have also arrested four others namely Norbu M Ashraf, Prakash Chowdhary, Manju Lakshmi Pillai and Vipin who were working as agents of Khan in withdrawing the siphoned off funds from banks. The four are from Mumbai, Bangalore and Delhi.

Lakshmi Bhandari, a business administration graduate from Kathmandu University, befriended Khan of Hyderabad through internet chatting and they plotted together to get personal net banking details of various Bank customers by sending phishing mails to them.

After extracting the personal net banking details of customers, the duo used to transfer the funds from their accounts to various fictitious accounts and later withdraw them.

The scam came to the notice of the police when one Mr Murugan of Cuddalore lodged a complaint in 2009 saying that an amount of Rs.6 lakh was illegally transferred from his account after he responded to a fake mail.