Corporate executive held for cheque forgery
A 34-year-old corporate executive working for a famous food processing company in Connaught Place was held on Friday on charges of forgery of financial instrument. HT reports.india Updated: May 29, 2011 02:11 IST
A 34-year-old corporate executive working for a famous food processing company in Connaught Place was held on Friday on charges of forgery of financial instrument.
Police sources said the accused was deep in debt, which compelled him into unfair means. He used to steal cheques which were dropped in the drop box stationed at ATM machines.
The matter came to light when the accused went to the Union Bank of India branch in Sector 57, Gurgaon with a cheque. The cashier at the bank got suspicious and started enquiring about the genuineness of the cheque.
When the accused realised the matter was slipping through his fingers, he tried to flee the scene. But one of the police officers sitting in the police control room (PCR) right outside the bank caught him.
The modus operandi was very simple. First he used to steal the cheques.
Then he changed the name of the payee by removing it with a white fluid and then over-writing his own.
Later, he conspired to withdraw the money quoted in the cheque. Out of the 30-35 cheques he stole, the accused had encashed only one worth R13,000 so far.
Before he could encash any further cheques, police managed to recover rest of the stolen cheques from him, the investigation officer in Sector 56 police station said.