Yes Bank employee managed firm's funds, tipped off bank officials about raids and inquiry
The Special Task Force (STF) of the Uttar Pradesh (UP) Police have arrested a relationship manager with the Yes Bank in connection with the fraudulent Noida ponzi scheme case. Over 6 lakh people were duped to the tune of Rs 3,700 crore. Police said employees of as many as nine banks are currently under scanner.
The accused was identified as Atul Mishra, 30, posted as the relationship manager in the Raj Nagar branch of Yes Bank in Ghaziabad. Police alleged that he tipped off officials of the Ablaze Info Solution Private Limited, owned by prime accused Anubhav Mittal, about any raids or suspicious transactions, and helped them manage the funds. The police had arrested Mittal, CEO Shreedhar Prasad, and technical head of the company, Mahesh Kumar, on February 2.
"Mishra was managing all the bank accounts related to Mittal's company. Whenever there was any suspicious transaction, he would inform the company officials, who would then transfer the funds to some other account. He even informed the firm officials regarding any inquiry," Amit Pathak, Senior Superintendent of Police, STF, said. "We have sufficient evidence that whenever any alarm was raised, the money would be transferred to other accounts or new accounts would be opened within a couple of hours. We have call details and data entries. He was helping the company manage its funds," Pathak added.
A senior STF officer said: "Mishra has been in contact with the company officials since last year, when an account was opened in the Yes Bank. We have evidence, including bank documents and call details, against the accused." He will now face similar charges as that of the other accused. Meanwhile, according to an officer, the company had several bank accounts in the Axis, Yes, Kotak Mahindra, and Canara banks, and investigation into their transactions is on.
Earlier, the STF had found that in early 2016, the company had transferred nearly Rs 12 crore to the accounts of a consultancy firm that dealt in providing manpower. "Our team visited the office of the consultancy firm but could not find anybody at the registered spot. We suspect the money was being transferred to some fake firm," the officer added.
He further said that Mittal made only a few cash transactions, and most of his transactions were done online.
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