Delhi Police Arrest Proclaimed Offender in Rs 6.25 Crore Amity University Bank Fraud Case
The Economic Offences Wing (EOW) of Delhi Police has arrested a proclaimed offender who was absconding in a multi-crore cheque forgery and cheating case involving Allahabad Bank and funds belonging to Amity University.
Allahabad Bank was an Indian nationalised bank with its headquarters in Kolkata, India. Founded in Allahabad in 1865 and nationalised by the government of India in 1969, the bank provided banking and financial services for 155 years until it was merged with Indian Bank in 2020. It was the oldest still running joint stock bank in India until its merger.
The accused, Sudama Narware (58), is a resident of Betul district in Madhya Pradesh. He was arrested in connection with a case registered under Sections 420, 467, 468, 471, and 120B of the IPC.
According to the police, Narware had been avoiding arrest despite several raids. He was later declared a proclaimed offender by the court.
The case was registered after a complaint by the Assistant General Manager of Allahabad Bank’s Sansad Marg branch in New Delhi. The complaint alleged the fraudulent withdrawal of ₹6.25 crore from Amity University’s bank account.
Police said that in August 2019, three cheques claimed to be issued by Amity University were presented for clearance. Two cheques were cleared through ICICI Bank, leading to the transfer of ₹5.2 crore to two separate accounts—one in Vadodara, Gujarat, and the other in Betul, Madhya Pradesh. A third cheque submitted through IndusInd Bank was stopped before payment could be made.
During the investigation, EOW officials examined bank records and tracked the movement of funds. One cheque worth ₹2.5 crore was credited to the account of NS Infrastructure in Vadodara. Another cheque worth ₹2.7 crore was deposited into the account of an NGO based in Betul.
Investigators found that ₹2.07 crore was later transferred from the NGO’s account to another firm in Vadodara. Police also alleged that ₹4.16 crore of the defrauded amount was routed through five shell companies in Delhi.
Narware was the secretary and authorised signatory of Maa Tapti Manav Seva Sansthan, an NGO in Betul district. According to investigators, a forged cheque of ₹2.70 crore was deposited into the NGO’s account. Narware allegedly transferred ₹2.07 crore from the account to another accused person.
Police said the accused used forged cheques to siphon money from the victim’s account and then moved the funds through several shell companies. Part of the money was allegedly withdrawn in cash, while the remaining amount was transferred through multiple accounts to hide the money trail. A special EOW team carried out the operation to trace and arrest the absconding accused.
According to the EOW, three accused persons have already been arrested in the case, while efforts are continuing to arrest the remaining suspects.
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