HDFC employees arrested Multicrore fraud

deepak pace

DJ_DEE
Jagraon, December 30
The CIA staff arrested five employees, including the manager, of the local branch of the HDFC Bank for committing fraud here last night. The police has booked eight persons in this regard.
The accused have been charged with committing fraud running into crores of rupees by operating the accounts and lockers of clients who had either been living abroad or had not operated their lockers and accounts for a long time.
The CIA team arrested the accused on a specific information while they were engaged in withdrawing money from a multinational bank. One of the accused is said to be a close relative of a local police officer.
The accused used to operate accounts holding huge amounts by obtaining cheques and sample of the signature.
Since the accused were bank employees, it was not difficult for them to commit the crime.
By forging the signature of the account holder, they used to transfer huge amounts to the accounts of their relatives or friends.
Similarly, they operated lockers that had not been operated for a long time and extracted title deeds.
With the help of certain persons and co-accused, they used to get huge loans sanctioned and keep deeds as collateral.
It is estimated that the accused had so far illegally transferred around Rs 5 crore from various accounts and raised over Rs 2 crore by mortgaging title deeds acquired from bank lockers.
The Jagraon police has booked branch manager Kapil Dev Mohan of Chanden Nagar, Ludhiana, agriculture officer Tejinder Deep Singh of Mai Jeena, Jagraon, his wife Manveer Kaur, bank relationship managers Baljinder Singh of Shakti Nagar and Rajan Parashar, bank cashier Amritpal of Khud Mohalla, his wife Rajwant Kaur, and Aviva Insurance Company sales manager Narender Singh of Fatehgarh Sivian, Ludhiana.
Tejinder Deep, Rajan and Baljinder and Amritpal were arrested from a multinational bank at The Mall, Ludhiana, by the CIA staff on the basis of specific information.
After the arrest, they confessed to committing the crime and revealed the involvement of branch manager Kapil Dev Mohan, who was later arrested from his house.
The police had been on a lookout for the gang that had been raising huge sums of money from banks after submitting forged documents.
Recently, a woman of Aligarh had lodged a complaint with SSP (Ludhiana rural) Gurpreet Singh Bhullar stating that some imposters were approaching banks to obtain loan of Rs 10 crore on the property owned by her and her brother, who was presently in Australia.
The imposters had even forged the voter’s ID card of her brother by putting their picture on it. The case is currently being probed by SP (D) Pritam Singh.
Govind Pande, regional head, and Dheeraj Ralli, head of branches, Banking North of the HDFC, had approached the bank and said their audit team had noticed huge transactions in otherwise dead accounts having huge money and had complained this to the higher authorities. The bank had already started inquiring into the matter.
They said though the accused had confessed to their crime, it would not be an easy to come up with actual figures, as all accounts and lockers would be checked and confirmed from their holders.
They said their employees made a gang that had been operating for the past over eight months.
SHO Jagraon Navin Pal Singh said the Ludhiana CIA staff had arrested five persons and they were on the lookout for the other three. The accused have been booked under Sections 409, 420, 471, 67, 68 and 120 B, IPC.
 
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