Gang held for attempting to withdraw ₹10 crore using forged cheque
The Hindu
A gang of nine, including three women, which attempted to withdraw ₹10 crore from the account of a construction firm in Bhopal by presenting a forged cheque at a bank was arrested in Kilpauk police st
A gang of nine, including three women, which attempted to withdraw ₹10 crore from the account of a construction firm in Bhopal by presenting a forged cheque at a bank was arrested in Kilpauk police station limits in the city.
The police said Banumathi, Savithri and Prasad Mathew introduced themselves as representatives of a construction company based in Bhopal, Madhya Pradesh, and presented a cheque belonging to the firm drawn on Punjab National Bank in Purasawalkam. They wanted to transfer ₹9.99 crore to an account of Chennai-based trust on Pantheon Road. Since it was a high value cheque, the staff of the bank grew suspicious and verified the authenticity of the cheque with the firm in Bhopal. As the firm in Bhopal denied issuing such a cheque, the staff called the police.
Investigation revealed that it was a wide network. A man from Kochi in Kerala gave the cheque to the three and instructed them to encash it in the city. The gang had a tie-up with the trust to get the money transferred into its account and later withdraw it for a commission.