The con men involved in the South Indian Education Society (SIES) trust fraud not only duped institutions and government bodies, but also targeted individuals.
The Economic Offence Wing (EOW) of city crime branch, which is probing the multi-crore swindle, has come across a case where a doctor from Matunga was cheated to the tune of Rs4 crore allegedly by the same group of people.
The EOW has shown an unknown person from Showman Hospitality, owned by Mohammad Fasihuddin, as a co-accused in the case. Fasihuddin is the prime accused in the SIES scam.
In his complainant, sources said, Matunga resident Dr Triyambak Kulkarni has stated that a financial consultant named Anil Pawar, now under arrest for his alleged role in the SIES fraud, had approached him in October 2013, offering him better returns on his investments.
"Kulkarni had a fixed deposit of Rs 5 crore in the Peddar Road branch of a nationalised bank. Pawar told Kulkarni that if he invested in FDs in the Santa Cruz branch of the bank through him the interest would be more," said an EOW officer, requesting anonymity.
Pawar collected Rs4 crore from Kulkarni. He got an FD of Rs2 crore made in the Santa Cruz branch in the doctor's name and parked the remaining money in a bogus account opened in the latter's name. He gave fake FD receipts to Kulkarni as proof of investment.
The officer said that Pawar also used overdraft facility to withdraw Rs2 crore. "He then transferred the entire Rs4 crore to various other accounts through RTGS transfer."
The complainant later learnt through the bank about the transactions and the fake account. "Kulkarni then lodged a police complaint on August 5," the officer said, adding, "We would soon take custody of Pawar in this case. The group is instrumental in duping several organisations and trust using similar modus-operandi."
The police have booked Pawar and other unknown persons under sections 409 (criminal breach of trust), 465 (punishment for forgery), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating), 471 (using as genuine a forged document), 420 (cheating) and 120 B (criminal conspiracy) of the Indian Penal Code.
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