Mira-Bhayandar: The Bhayandar branch of Bank of Maharashtra (BoM) has filed cases against 21 people for their suspected involvement in cheating the financial institution by illegally pulling out Rs 1.34 crore from its pool account by allegedly breaching the United Payment Interface (UPI) application. Launched by National Payments Corporation of India, the UPI is a payment system which allows users to instantly transfer funds up to R 1 lakh from one bank to another. “An FIR under IPC sections 420, 465, 467, 468,471, 120 (B ) and relevant sections of the Information Technology Act has been registered at our police station on Friday,” confirmed Senior Police Inspector of Navghar police station – Srikant Padhule. While Pritesh Damania, Jaswant Damania and Raj Damania are amongst those listed as the prime suspects, 18 others have been named in the FIR along with some unidentified people, however no arrests have been made so far. In his complaint to the police, deputy branch manager- Ashok Katare has identified 18 accounts which were used to send transfer requests in batches of up to Rs 1 lakh each to siphon off Rs 1,34, 90,000 over a period of 24 days with accounts held with Bank of Maharashtra through the UPI application. Despite knowing that there are no funds in the accounts, the transfer requests were accepted. While recovery notices had been sent to all the account holders, Jaswant Damania when confronted by officials had transferred only Rs. 2 lakh back to the bank, read the complaint.
Early this month, the BoM had filed a similar FIR in Pune against 50 people for causing a loss of Rs 6.14 crore.