TWO men have been arrested after police discovered an alleged fraudulent scheme worth £2million operating in Glasgow. 

Police say they have been investigating several banking frauds since September 2023 - with victims reporting information being used to bypass bank security to access their accounts.

Officers claim offences were reported in both Glasgow and Manchester.

According to police, the total value of the frauds being investigated is around £2million.

Now the duo, aged 36 and 45, have been arrested and charged in connection.

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Both men are set to appear at Glasgow Sheriff Court at a later date.

The investigation was supported by Operation Henhouse - a national Economic Crime Centre initiative to provide funding to allow forces to undertake additional operational activity against fraudsters. 

Detective Sergeant John Fagan of Police Scotland’s Economic Crime and Financial Investigation Unit said: “Following an extensive inquiry, and with the assistance of our colleagues at Greater Manchester Police and the North West Regional Organised Crime Unit, two men have been arrested for the offences.

“This underlines our commitment to tackling fraudsters who target people in our communities and reassure the public that Police Scotland officers work tirelessly and in partnership with our law enforcement and banking industry colleagues to investigate financial crimes.”

Click HERE for advice on safeguarding yourself from fraud.