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Fraudsters Exploit Gujarat Bank System to Steal Over Rs 7 Crore During Weekend

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Fraudsters Exploit Gujarat Bank System to Steal Over Rs 7 Crore During Weekend

Analysed 7 Jul 2026·2 sources analysed·Gujarat, India·Business
Fraudsters Exploit Gujarat Bank System to Steal Over Rs 7 Crore During WeekendPreviousNext

Fraudsters exploited vulnerabilities in the Bhavnagar District Co-operative Bank's core banking system during a weekend closure, creating fake balances exceeding Rs 7 crore over six months. They transferred this amount to over 127 mule accounts by manipulating phone numbers linked to four low-balance accounts across different branches. Six individuals have been arrested in Ahmedabad, Surat, and Mumbai as investigations continue into the digital heist involving malware planted via an infected email attachment.

TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. Coverage leans balanced overall (Left 5%, Centre 93%, Right 2%). Overall sentiment is neutral (35/100). Lens Score 53/100 — moderate public interest.

Outlets analysed (first-hand measurement by TBN's Bias Engine):

  • indianexpress— balanced framing, neutral sentiment
  • indianexpress— balanced framing, neutral sentiment
Political Bias
5%93%2%
Sentiment
35%
AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 7 Jul 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Political bias across 2 sources
● Left 5%● Center 93%● Right 2%

The articles present a straightforward account focusing on the criminal act and investigation without political framing. The coverage centers on law enforcement perspectives and technical details of the fraud, with no evident political viewpoints or partisan interpretations. The narrative remains factual and neutral, emphasizing the incident and response rather than political implications.

Sentiment — Neutral (35/100)

The tone across the articles is primarily neutral and factual, detailing the cyber fraud and subsequent arrests without emotional language. While the incident is negative in nature, the coverage avoids sensationalism, focusing on investigative progress and technical aspects. The sentiment reflects concern over security lapses but maintains an objective reporting style.

How 2 sources covered this story

Each source's own headline, political lean, and sentiment — so you can see framing differences at a glance.

Reviewed byMrunal Wange· Business & Economy Editor· Edited byOjas Kale
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SourceTheir headlineBiasSentiment
indianexpressGujarat bank was shut on weekend. How 'Trojan horse' rode away with 7 croreCenterNeutral
indianexpressGujarat bank was shut on weekend. How 'Trojan horse' rode away with 7 croreCenterNeutral

Coverage timeline

indianexpress broke this story on 7 Jul, 06:11 am. Other outlets followed.

  1. 1
    indianexpress7 Jul, 06:11 am
    Gujarat bank was shut on weekend. How 'Trojan horse' rode away with 7 crore
  2. 2
    indianexpress7 Jul, 06:13 am
    Gujarat bank was shut on weekend. How 'Trojan horse' rode away with 7 crore

Lens Score breakdown

53/100
Public interest16/100
Coverage gap100%

Moderately important story that could benefit from broader coverage.

Accountability flags

TBN's analysis identified the following accountability dimensions in this story.

  • financial irregularity

    This story involves alleged financial misconduct — unexplained transactions, procurement irregularities, or misuse of public/shareholder funds.

  • systemic failure

    This story points to a failure in institutional processes — regulation, safety, oversight, or service delivery breaking down at scale.

Who's involved

Institutions and figures named across source coverage.

Government
Reserve Bank of IndiaCERT-InCID (Crime), GandhinagarCyber Centre of Excellence of Gujarat Police
Corporate
Tata Consultancy ServicesBhavnagar District Co-operative Bank
Enforcement
Gujarat PoliceCID (Crime), Gandhinagar

Story context

Category
Business
Location
Gujarat, India
Sources analysed
2
Last analysed
7 Jul 2026
Key entities
Core bankingMalwareCroreIndian rupeeGujaratAhmedabadMumbaiSuratKevadiaBhavnagar districtTrojan horse (computing)Cooperative banking