Attempted fraud of over Rs 11 crore busted in Delhi

This could have been one of the biggest bank frauds, had the deposited fake cheques got clear in the ICICI bank of Preet Vihar, Delhi. Eleven crore and seventy one lakh was the amount of two cheques which came into the bank for clearing into the forged account opened in the name of "Shri Shirdi Sai Baba Trust".

Since the amount dealt into crores, bank followed the procedures of clearing big amount cheques. The ICICI Bank Manager enquired into one of the cheques which amounts to be eleven crore, issued from a firm of Kolkata. On enquiring, the bank issuing the cheque denied any knowledge of the same. Shocked with revelations, ICICI Bank Manager cross checked the validity of other cheque amounting seventy one lakh from Mumbai. The answer was same. The Bank Manager then informed the Delhi Police.

FIVE ARRESTED IN THE CASE

The Delhi Police set the trap and arrested five persons in this connection. Accused Narender Kumar Malik disclosed that he alongwith Udit Prajapati, Devender Singh and Rajender Singh was running a trust "Shri Shirdi Sai Baba Trust" and was also holding an account in the name of the trust at ICICI Bank, Preet Vihar Branch.

All of them conspired and prepared a plan to arrange easy money. Another accused Balwant Singh who was working as Customer Service Manager at ICICI Bank, Preet Vihar Branch provided the details of targeted accounts. All of them than filled the details in the forged/fake cheques in favor of their trust amounting Rs eleven crore seventy one lakh. Accused Rajender Singh dropped the said cheques in the drop box of ICICI Bank Preet Vihar on 22/06/16.

Now, police are investigating how this gang learnt the technique of forging fake cheques and who else were associated with gang and providing logistics from bank.