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Noida Police Arrested two people in Rs.28 Crore Bank Fraud Case


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The Noida police arrested two individuals on Monday for allegedly assisting the manager of a private bank in Noida in embezzling ₹28 crore from customer accounts. The suspect bank manager has been on the run since December when he was booked in the case.

The police identified the suspect as Rahul Sharma, a senior employee at the Noida branch of the South Indian Bank Limited. He is accused of transferring at least ₹28 crore from the bank to accounts belonging to his family members. The case was registered based on a complaint from bank representatives.

During the investigation, two additional suspects were identified and subsequently arrested. They were identified as Shailendra Gaur, a resident of Dwarka in New Delhi, and Devraj Singh, a resident of Baghpat. It was revealed during their interrogation that they had provided bank account details to Sharma, enabling him to carry out the embezzlement. A total of ₹4 crore was found to have been transferred out of these accounts.

It was also discovered that the two arrested suspects received a commission for providing bank account details to Sharma. The police seized various items, including cash, computer sets, laptops, mobile phones, digital signature pen drives, a car, and other incriminating documents from the suspects.

The suspects are facing charges of cheating and forgery under the Indian Penal Code. Meanwhile, the prime suspect, Sharma, is believed to have fled abroad following the fraud. The police are currently investigating other individuals who may have aided the prime suspect, and lookout circulars were issued against Sharma in December. The investigation is ongoing.

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