Bank fraud- Trio arrested for forging Rs 8.7 lakh cheque

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MANDYA: Three men were arrested for allegedly forging cheques and withdrawing Rs 8,67,500 from the Mandya branch of ICICI Bank recently.
Mandya branch manager C Madhu filed a complaint, alleging that two persons who posed as partners of a merchant company had withdrawn Rs 8,67,500 by presenting forged cheques. The cheques were presented in the name of Shakir Qureshi, one of the directors of Mumbaibased Al-Quresh Exports Pvt Ltd, who holds an account with the branch. Their luck ran out the second time when they were attempting to withdraw Rs 2.75 crore. The transaction was stopped by the manager after the bank was alerted by the real Shakir Qureshi.

Police said the men had visited the bank on August 28 .Two of them had introduced themselves as Mohammed Yakub Qureshi and Shakir Qureshi. They got a new cheque book for Qureshi’s account.On August 31, they presented a self cheque and withdrew Rs 8.67 lakh. A few days later, they presented two crossed cheques for Rs 2.75 crore. However, Qureshi, who got an alert on his cellphone, informed branch manager Madhu.

On September 21, Madhu lodged a complaint with Mandya police.

Mandya SP Sudheerkumar Reddy said they arrested three suspects – Vijay, Vinay and Praveen Kumar – who are reportedly associates of Kebballi Anand, kingpin of the Mandya Urban Development Authority scam reported a few years ago. Kebballi and his accomplice had allegedly swindled people of Rs 6 crore.

Police said they seized Kebballi’s vehicle and arrested Vinay , who is said to be his driver. They also suspect the involvement of ICICI Bank employees, saying without their help, the gang could not have got the cheque book. At least seven to eight persons are involved, sources said.