As the banks where the money was being transferred found the transactions suspicious, they alerted State Bank of Mauritius and the fraud came to light, he said.
Before the transfers could be stopped, Rs 29 crore had been withdrawn, but the remaining amount was recovered by the bank, the official said.
The EOW was conducting further probe with the help of the Cyber Cell of police, he added.
The bank had issued a statement after the cyber fraud came to light, saying that it had not caused any loss to its customers.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)