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Sr citizen held in Rs1.12 crore fraud cheque case

Monday, 24 March 2014 - 9:35am IST Updated: Sunday, 23 March 2014 - 10:32pm IST | Agency: dna

The Economic Offences Wing (EOW) of Mumbai police on Thursday arrested a 67-year old man from Andhra Pradesh for allegedly misappropriating Rs1.12 crore from the bank account of a catering company through stolen cheques.

The arrested person has been identified as Shaikh Abdul Kadar Mohammad Jamal.

According to EOW sources, in the same offence, the police had earlier arrested five persons and filed charge sheet in the case, while Kadar, his son-in-law Sharif Mohammad and G Narayan Reddy were shown as wanted in the case. The court had also issued non-bailable warrants against them.

"Five years ago, seven cheques of a Girgaum-based catering company was stolen. The company has their account in a Worli branch of a private bank. On the stolen cheques, bogus signatures of the owner of the company were put and the money was transferred from the account to accounts in Gujarat and Andhra Pradesh," said an EOW officer, requesting anonymity.

He added that when the owner of the company learnt about the fraud, he lodged a complaint in this regard.

Following the investigation, the police made five arrests in the case. "Some of the ill-gotten money was transferred in Shaikh's bank account. On receipt of specific information, we arrested Shaikh from his residence at Sai Model village at Vijaywada in Andhra Pradesh, said the officer.

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