Mumbai: Resident Of Jharkhand Arrested For Fraud Of Rs Five Crore

Mumbai, 21st February 2023: The Economic Offenses Branch recently arrested an accused from Chhattisgarh in connection with a fraud of Rs five crore. Maharashtra Railway Good Clearing and Forwarding Establishment Labor Board’s money was transferred through forged cheques. The officer said that the accused has been arrested in that regard. In this case, the Financial Crimes Branch has succeeded in freezing the assets of the bank worth Rs 25 lakh.

The officer informed that the name of the arrested accused is Jagjot Singh Amrik Singh (29), a resident of Golmuri in Jharkhand. It is suspected that the accused had prepared fake identity cards used in the crime. A fake address in Navi Mumbai was given for that. The Economic Offenses Wing is conducting a further investigation as to where the accused produced this identity card.

The then Assistant Labor Commissioner Ashok Doke had filed a complaint in this case. Doke has the additional charge of Chairman of the Maharashtra Railway Good Clearing and Forwarding Establishment Labor Board. Doke had complained to the Financial Crimes Branch that Rs five crore had been withdrawn from the board’s account through forged cheques. Under this board, the work of unprotected labour welfare has been entrusted. Hence, the provident fund and the welfare of employeesFunds are held by the Board. The amount was deposited in a nationalized bank account. Last month, the board’s accountant and his colleague went to the bank’s Masjid Bandar branch. At that time, according to the passbook records, it was found that there was a shortfall of Rs five crore and six lakh in the account. He informed the seniors about this. It was found that the amount was withdrawn through fake cheques between 7th January and 2nd March 2021. Investigation revealed that the checks used to transfer the amount were not issued to anyone. The amount was transferred to bank accounts in Madhya Pradesh and Chhattisgarh through eight forged cheques.

An amount of five crores was deposited in the bank accounts of companies and educational institutions there. Before this transaction, the mobile SIM card linked to the bank account was switched off. Also, with the help of fake documents, the amount was withdrawn from the bank account by taking a new SIM card. The Financial Crimes Branch is conducting further investigation into this matter.