four, Together with Financial institution Supervisor, Arrested For Alleged Fraud In Gujarat: Police


Among the many three accused two are from Mumbai and one from Ahmedabad: Police (Representational)


A supervisor of a Vadodara-based public sector financial institution was arrested on Monday together with three others for allegedly withdrawing Rs 1.75 crore from a hard and fast deposit and transferring the cash to 2 different accounts utilizing cast paperwork, the police mentioned.

The cash had been initially deposited by liquidator of a cooperative financial institution.

“Amul Mohod, the supervisor of Diwalipura department of Punjab Nationwide Financial institution in Vadodara, was arrested by town crime department together with three others on prices of dishonest, forgery, and prison conspiracy,” mentioned senior police official (Crime), Vadodara, Jaydeepsinh Jadeja.

He mentioned the liquidator of Anyonya Cooperative Financial institution had acknowledged in a criticism that some unidentified individuals withdrew Rs 1.75 crore from the financial institution department after he deposited it on January 16, 2020.

Mr Jadeja mentioned Rs 1,75,48,544 had been withdrawn together with accrued curiosity via a requirement draft payable at Kolhapur district utilizing bogus paperwork.

The accused individuals additionally cast the paperwork within the title of the cooperative financial institution to open a present account in its title at Karelibaug department of the Central Financial institution of India the place they deposited the demand draft, Mr Jadeja mentioned.

“From Central Financial institution of India, the cash was transferred to accounts opened within the names of two Mumbai-based firms of the accused. They transferred Rs 1.5 crore in a single account and Rs 25 lakh in one other,” Mr Jadeja mentioned.

Three different accused are recognized as Rahul Shah and Bhupesh Surati, each residents of Mumbai, and Kiran Panchal, a resident of Ahmedabad.

Three others are on the run, the police mentioned.

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