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Bank of India Cheque Cloning Case of Rs 9.6 Crore


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In a major breakthrough, the Economic Offences Wing (EOW) Bhubaneswar has successfully apprehended a scammer involved in the Bank of India cheque cloning case, which amounts to a staggering Rs 9.6 crore. The culprit, Pomesh Tembhare, was arrested from a village in Madhya Pradesh on April 26 and is scheduled to be produced before a designated court under the OPID Act in Balasore on Monday.

The case was initially taken up by the EOW after the Bank of India Chief Manager in Baripada reported an illegal transaction of Rs 9,56,76,600 from the account of the District Mineral Foundation Trust of Zilla Parishad, Mayurbhanj. The transaction occurred between April 10 and April 18, 2024, through four fraudulent cheques.

The Zilla Parishad’s savings account, maintained with Bank of India’s Baripada branch in the name of the District Mineral Foundation Trust, was targeted by the fraudsters. They managed to transfer the substantial amount of Rs 9,56,76,600 to two different accounts: PT Constructions & Supplier, maintained with Bank of Maharashtra, and S K Enterprises, maintained with Punjab & Sindh Bank.

Subsequently, the funds were further diverted and transferred to several other accounts from the PT Constructions & Supplier and S K Enterprises accounts. Fortunately, Rs 5,04,06,900 was successfully blocked, and an additional amount of Rs 13,56,948, spread across 33 accounts, has been frozen.

Investigations revealed that Pomesh Tembhare, the arrested individual, was the owner and signatory authority of PT Constructions & Suppliers, to which more than Rs 2.68 crore had been illicitly transferred. As the signatory authority, Tembhare had not only transferred and diverted funds to various accounts but also made self-withdrawals.

Following the incident, the accused went into hiding and kept his mobile phone switched off in a Naxal-infested village. However, the EOW, with the assistance of local police and CAPF, managed to locate and apprehend him.

Furthermore, it was discovered that the arrested individual is a member of a larger criminal gang with a complex network spanning Chhattisgarh, Madhya Pradesh, Jharkhand, West Bengal, and Odisha. This arrest has provided the EOW with crucial leads regarding the entire gang’s activities. Over the past four years, they have been executing these scams through meticulous and well-planned methods, including cheque cloning, multi-layering of money transfers, creation and operation of multiple mule bank accounts, money withdrawals, and the establishment of information networks and local touts.

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