Fraud case: Raids on to trace bank account holder?

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Fraud case: Raids on to trace bank account holder?

In Patna the Police were trying to trace one Nipendra Kumar Pandey, whose name is an ICICI Bank account where Rs11.73 crore of government money from Kotak Mahindra Bank was to be fraudulently transferred.

The Exakition Road Patna branch of Kotak Mahindra Bank had funds from the National Highways Authority of India (NHAI) deposited in a bank account held by the land acquisition officer to acquire land for various government road systems. An unsuccessful attempt was made to transfer Rs11.73 crore to the Boring Road branch of ICICI Bank through RTGS on January 2.

It has raised the bar for the successful transfer of more than Rs15 into various private bank accounts outside Bihar in the past two months.

DSP City Suresh Kumar told TOI on Sunday that two more people had been found. “They are after all this fraud has emerged so far,” he said. Burglary was carried out to arrest them. We expect the authorities of Kotak Mahindra Bank to submit a detailed report on Monday regarding the transaction made with the government account, Mr. Kumar said.

He said at least four people were being questioned about it.

Sources said that the chief executive officer of Kotak Mahindra Bank, previously based at its Exhibition Road branch, and a team working at ICICI Bank, which had opened Nipendra’s account, were being questioned.

Sources say that Nipendra opened a current account on December 4, 2020. “This is a month before an attempt was made to transfer Rs11.73 crore to his account. A bank account may only be open for fraudulent transactions. A bank check was submitted by Nipendra as the first deposit to open a current account. But that check had crashed and the account was no longer valid by the bank, ”said sources.

He said Nipendra could only be used to open an existing account for government fraud as professional men work behind the scenes.

A police source as per the investigation said the chief executive of Kotak Mahindra Bank on Exhibition Road was also used as his bank details were used to commit many frauds from government accounts to other bank accounts. However, he said the officer was still being questioned.

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