Two held for swindling lakhs from firms' bank accounts | mumbai | Hindustan Times
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Two held for swindling lakhs from firms' bank accounts

Two men who have allegedly been swindling lakhs of rupees from several bank accounts across the city for the past few months, were apprehended by the crime branch on Saturday. HT reports.

mumbai Updated: Aug 13, 2013 02:08 IST
HT Correspondent

Two men who have allegedly been swindling lakhs of rupees from several bank accounts across the city for the past few months, were apprehended by the crime branch on Saturday.

31-year-old Tejprasad Mishra alias Babloo, a resident of Vasai, and his associate Sachin Mishra, 31, had successfully remitted over Rs 30 lakh from several reputed companies' accounts in co-operative and nationalised banks to buy gold at several jewellery stores across the city, said additional commissioner of police, Niket Kaushik.

Kaushik said that on July 4 this year, the duo had remitted Rs13. 75 lakh from a company's account in a nationalised bank to a jewellery store at Malad (West) to purchase gold jewellery. On April 4 this year, they had transferred Rs 4.5 lakh from another company's account in a co-perative bank at Jogeshwari (West). With the money, they had purchased jewellery from a shop at Nalaspoara. Prior to that, they had stolen Rs 15.12 lakh using a similar modus operandi, according to Kaushik.

He said that the accused are habitual offenders and had several cases registered against them with the Bhoiwada, Kurla, Juhu and a couple of police stations in Pune.