The Central Bureau of Investigation (CBI) has apprehended two individuals in connection with a bank fraud case amounting to Rs 64 crore. The accused, Deepak Sanjeev Suvarna and Deepak Yadava, were taken into custody for their involvement in unauthorized fixed deposits and misappropriation of interest. The CBI initiated the case following a complaint from Bank of India, Lucknow, against the accused private persons.
The arrests were made after the accused, in collaboration with unidentified public officials and others, allegedly established a fictitious bank account under the name of Uttar Pradesh Forest Corporation (UPFC) at the Bank of India, Sadar Branch, Lucknow. By utilizing forged KYC documents, fabricated authorizations, and counterfeit board resolutions, the accused managed to persuade the bank to transfer Rs 64.82 crore into the account for the creation of Fixed Deposit Receipts (FDRs) on behalf of UPFC.
Subsequently, the accused diverted Rs 6.95 crore through Real-Time Gross Settlement (RTGS) to six beneficiary firms in Kolkata and New Delhi. The fraudulent activities came to light when UPFC authorities informed the bank that no such authorization had been granted and that the accused had no affiliation with UPFC. Following extensive investigations and searches conducted across various states, the absconding accused were located and apprehended by the CBI.
In a separate incident, Tausif Akhtar, an employee of Bank of India, Bhadohi, was implicated in a fraud case involving Rs 9.2 crore. Akhtar, a credit manager, allegedly opened multiple loan accounts using fictitious credentials without the consent of the borrowers or Fixed Deposit Receipt (FDR) holders. The CBI, in its complaint, accused Akhtar of criminal breach of trust, forgery, and criminal conspiracy, among other charges.
