EOW to probe ICICI Bank fake notes case-TOI
28.04.2014
LUCKNOW: Investigation into the Rs 11 crore fake currency case will now be carried out by economic offences wing (EOW) of UP police.
On April 6, ICICI had approached Hazratganj police station to report detection of Rs 107,787,840 counterfeit notes in its currency chests. The currency accumulated over eight years and was collected across the bank's branches in UP and Uttaranchal. "It was difficult for city police to carry out probes across bank branches in other districts and hence it was decided to hand over the case to some other agency," said senior superintendent of police Praveen Kumar. The bank has over 200 branches in UP and Uttaranchal.
Majority of the forged notes were of high value denomination (Rs 500 and 1,000) and the bank said over 1 lakh such notes have been detected. The bundles of the fake currency notes will be handed over to EOW for examination. The probes will be focused on finding out if the sources of the counterfeit currency remained the same over the years, if some branches of the bank had higher vulnerability and if insiders were at work.
3 dupe bank of Rs 25L with fake cheques
Times of India 28th April 2014
SURAT: Police booked three persons from Mumbai on Friday for allegedly printing three fake cheques of current account of Surat Municipal Corporation (SMC) and carrying out a fraud of Rs 25.59 lakh by producing them in different banks in the metropolis.
Police booked Manoj Tailor, a resident of Ambarnath area, Nitin Shah, a resident of Kamothe area, and Vishal Gupta, a resident of Sakinaka area, in Mumbai. Manager Bharat Soni in Bank of Baroda's service branch here lodged a complaint at Athwa police station about the fraud, which was carried out between February 4 and 18. The fraud came to the bank's notice when original cheques of the same numbers issued by SMC were produced for payment in the bank.
Accused Nitin Shah produced a cheque bearing number 272241 for Rs 8.82 lakh in a bank in Mumbai. Manoj Tailor produced a cheque with number 272045 for Rs 7.57 lakh in another bank there. Vishal Gupta produced a cheque with number 272333 for Rs 9.10 lakh in another bank in the metropolis.
These banks sent the cheques' images to BOB branch in Surat where SMC's account is operational. "The bank approved the cheques from the images sent online and the payments were released. The crime came to light when the actual cheques with the same numbers came for clearance in the bank," police said.
The accused withdrew the money from their respective accounts. Police are looking for the three suspects and trying to find out if they were operating their bank accounts in their real names.
"We are yet to arrest the accused.We will question them on how they could produce the fake cheques and about the planning of the fraud upon their arrest," police inspector, Athwa police station, D D Sodha said.
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