Kotak Mahindra accounts were opened using forged documents; bank employees suspected to be part of racket
The Crime Branch of Delhi Police has busted a racket, allegedly involving some bank employees, wherein cheques were cloned and fake drafts were made to convert black money to white through real-time gross settlement system (RTGS). Two persons have been arrested in the case, police said.
“Rajkumar Goel, 47, and his associate Ranjit, 29, who are based in Naya Bazar, were found to be involved in illegal transactions. Goel had reportedly floated a number of fake companies through which he converted black money into legitimate money,”said Joint Commissioner Of Police (Crime Branch) Ravindra Yadav.
The duo worked as commission agents and were also involved in making fake bills against bank entries and theft of sale tax.
The two had opened as many as nine fake accounts and deposited Rs 34 crores at various branches of Kotak Mahindra Bank in Delhi and the National Capital Region (NCR). A manager of the bank and some staff members are suspected to be involved in these transactions. Sources said the the manager of the Connaught Place branch was transferred after the two were arrested, and that more persons were likely to be arrested soon.
In September, Greater Kailash resident Suman Anand had filed a case of cheating, claiming that Rs 4,050,200 and Rs 1,520,300 were debited from her account through RTGS. The victim also said the money was transferred even though the corresponding cheques were still with her. A case in this regard was registered at the CR Park police station.
Meanwhile, the Crime Branch sleuths had been cracking down on various illegal transaction and money laundering cases after the launch of the demonetization drive, during which the names of these accused cropped up.
When Goel and Ranjit were summoned for questioning, it was revealed that they had opened a Kotak Mahindra Bank account in the name of Raj Enterprises at Naya Bazar, and that Anand’s money was transferred through cloned cheques and fake signatures to that account. Ranjit’s cousin Upender was the proprietor of the said account. The money was then transferred to another account of IVD services in Ghaziabad. That account is also under scanner.
Goel further told interrogators that he had opened several accounts in the name of various firms, including RK International, Swastik Trading, Sapna Trading, Mahalaxmi Industries, Shri Ganesh Enterprises, Delhi Trading Company, Virgo International and others, and had deposited unaccounted cash worth Rs 34 crore in these accounts, Yadav said. The identity documents used to open these accounts were also seized, he added.
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