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Prime accused in 120Cr AKTU fraud nabbed

Anurag Srivastava was arrested for a ₹120 crore fraud involving AKTU. He posed as an official to transfer funds to a fake bank account, later moved to an NGO.

Updated on: Aug 08, 2024 08:18 am IST
By , Lucknow
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The prime accused in the 120 crore fraud involving Dr Abdul Kalam Technical University (AKTU) was arrested after a lengthy pursuit on Wednesday, according to DCP North Abhijeet R Shankar.

The Lucknow police on Wednesday arrested the main accused after a lengthy pursuit (HT)

The accused, identified as Anurag Srivastava of Haraiyya in Basti district, cleverly posed as an AKTU official when communicating with the Union Bank to invest the varsity funds as fixed deposits at attractive interest rates. He also masqueraded as the branch manager of the Union Bank (Vidhan Sabha Marg branch) while talking to AKTU officials to convince them to invest money in FDs for financial gains.

Srivastava, with the help of his accomplices, managed to get AKTU funds transferred from its Jankipuram branch to the Vidhan Sabha Marg branch and then to the bank account of a Gujarat-based NGO.

However, the fraud was detected in time, and the Lucknow police succeeded in getting the NGO’s bank account frozen and the money refunded to AKTU’s account.

 
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