Bank frauds solved with duo's arrest-South Delhi

Source:Express News Service :Sun, Apr 25 04:34 AM

The South Delhi police arrested two persons, including an employee of a public sector bank, and claimed to have solved at least two major cases in which large amount of money were withdrawn from the accounts of corporate and public entities with inside information.

The arrested duo have been identified as Sanjeev Kumar Verma, who was the gang leader, and Mukesh Kumar, who worked as a clerk at the Kamla Nagar branch of Canara Bank

and allegedly passed on vital information about big corporate account-holders in the bank.

According to the police, the gang withdrew Rs 67 lakh from the account of National Book Trust at Canara Bank's Vasant Kunj branch. In a second case, they withdrew Rs 1.31 crore from Swaraj Mazda's account in a Chandigarh branch of the same bank.

A third gang member, one Neeraj Chauhan, is still absconding, the police said on Saturday.

The police have registered a case and formed a team to investigate the matter, on a complaint filed by I P Chawla, the manager of Canara Bank's Vasant Kunj branch.

The police learnt from their interrogation that Kumar allegedly passed on information about serial numbers of cheques that were yet to be presented.

Verma and Chauhan opened accounts in different private banks with fake identities and forged documents, the police said. After this, they made fake cheques of the required series and presented them in the private bank where they had opened accounts in the name of non-existing firms, an officer said.

The police recovered Rs 4,80,000 cash and a Hyundai Verna car from the duo's possession.