Five held on bank fraud charge | punjab | Hindustan Times
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Five held on bank fraud charge

Police today arrested five members of a gang, including a bank employee, allegedly involved in fraudulent withdrawal of money from different banks through fake cheques.

punjab Updated: Apr 27, 2012 22:21 IST

Police on Friday arrested five members of a gang, including a bank employee, allegedly involved in fraudulent withdrawal of money from different banks through fake cheques.


The arrested accused have confessed to the fraudulent withdrawal of Rs 2.78 crore from the accounts of different people at various banks in Amritsar, Banga, Nawanshahr and Ludhiana,
Assistant Police Commissioner (ACP) Sapan Sharma said.

One of the arrested, Ramesh Kumar an employee of Punjab National Bank of a local branch, used to provide them vital information like account numbers, name of account holder, serial number of cheque books of concerned depositors and photo copies of specimen signatures of account holder, the ACP said.

A laptop, Rs 43,000 in cash, several fake cheques, fake stamps and a printer have been seized from the possession of the arrested persons, the police official added.

The arrested include gang kingpin Satish Kumar Bhatia, Surjit Singh, Saudagar Singh, Ramesh Kumar and Jagdev Ram.