Trader held for withdrawing Rs 2.87 crore from BOI using cloned cheque
Bhubaneswar: The Economic Offences Wing of Bhubaneswar on Friday arrested one B Murty Pillai of Rourkela for using a cloned cheque and withdrawing Rs 2.87 crore from Bank of India (BoI). EOW sources said Murty diverted the amount for his personal use. The arrest was made based on a complaint filed by Chief Manager of Bank of India, Rourkela branch, Anjani Kumar Singh Azad.
Murty was booked under Sections 420/467/468/471/120B IPC and later forwarded to the Court of SDJM, Panposh, Rourkela.
As per the FIR, Pillai, a customer of Bank of India, Rourkela branch, by using a cloned cheque as original, managed to avail Rs 2.87 crore from the bank and diverted the same for his personal use. During investigation, it was ascertained that the accused was having a cash credit account in the bank. He had deposited a Bank of India cheque on November 3 last year for Rs 2.87 crore, purportedly issued from the account of M/s Karnataka State Co-operative Marketing Federation Limited (KSCMFL) in that account.
The cheque was cleared by the branch officials and deposited in the account of the accused. However, on November 20, BOI Bangalore branch intimated that the original cheque is in the possession of its owner, M/s Karnataka State Co-operative Marketing Federation, and the cheque cleared at BOI, Rourkela branch is fake.
It has also been revealed during investigation that Pillai had transferred Rs 2.6 crore to the accounts of his own company, namely BMP & Sons Construction Pvt Ltd, maintained with ICICI Bank and Bank of India, Civil Township branch, Rourkela on the day the cheque was cleared. Subsequently, the rest amount, approximately Rs 23 lakh, was transferred in fractions by the accused to the accounts of his close relatives and his loan account, and there was cash withdrawal of Rs 5 lakh.