Police have been investigating the role of employees of eight banks and two charter accountants of Panchkula in the MBBS fake admission case.
On July 18, police had busted a racket involved in duping people by taking lakhs of rupees from them to get an admission to the MBBS course at Mahatma Gandhi Institute of Medical Sciences Wardha, Maharashtra, a centre of which is also running at Swastik Vihar, Mansa Devi Complex.
Om Parkash, resident of Guragon, had got registered a complaint at the Mansa Devi Complex police station, stating he was duped of `17 lakh for the admission of his daughter to the MBBS course at the institute.
The two accused involved in the crime, Ishwar Singh alias Sumit, resident of Hisar and Mahender Singh alias Pankaj of Nandhori village, Fatehabad, were arrested. During the investigation, the accused revealed the name of their accomplice, Ashok Kumar of Hisar - another accused who has also been arrested - the relative of Sumit Garg, who is still absconding.
The accused are habitual offenders and were also arrested in a case in Gurgoan in 2013.
Further investigations revealed that for admission to this institute, about eight fake bank accounts were opened in government and non-government banks, in which the candidates used to deposit the admission fee.
Ambala-Panchkula commissioner of police OP Singh said the bank accounts were opened in the name of the institute without conducting proper verifications, which is mandatory as per know your customer (KYC) norms. "The banks allowed massive cash withdrawals, which went unnoticed despite obvious fraudulent business practice,"said Singh.
The police would ask the bank officials to join investigation, said Singh, adding they were also probing the role of two charted accountants, who allegedly certified their credentials to the banks knowing the accused were not related to the Wardha Institute.