Wife, mother of key accused among three held in Rs.12-Cr bank fraud
LUCKNOW, March 2 -- The Lucknow Police Commissionerate tightened the net around an alleged Rs 12-crore bank fraud on Sunday, arresting the wife and mother of the prime accused, along with an associate, in the Bank of Baroda embezzlement case at the Mohan Road branch.
The Para police unit arrested Bhagya Rani, wife of the main accused, Shiva Rao; Kara Nirmala, his mother; and Vikas Kumar, an associate of Rao. The trio allegedly helped Rao route siphoned funds through their bank accounts to conceal the money trail. Investigators detected suspicious transactions exceeding Rs 12 crore in accounts linked to the three arrested accused.
Rao, a bank correspondent, and his second associate, Deepak Kumar, were arrested earlier and sent to jail. Investigators allege Rao forged documents and illegally withdrew money from accounts of villagers and other customers. He allegedly operated from a customer service point near Shakuntala Mishra University, targeting rural account holders.
The case came to light on January 16 after 25 victims filed a complaint at the Para police station against the bank correspondent and certain bank staff, alleging fraud and criminal breach of trust. As the probe widened, the number of complainants rose to over 100.
During searches, police recovered Rs 47,060 in cash, gold chains, rings, earrings, silver utensils and coins allegedly bought using embezzled money. Officers also seized three mobile phones, a laptop and a printer allegedly used to prepare forged documents, along with a four-wheeler car reportedly purchased with the siphoned funds....
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