Man withdraws lakhs by altering cheque

Man withdraws lakhs by altering cheque

FPJ BureauUpdated: Saturday, June 01, 2019, 07:29 AM IST
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Indore : A man siphoned of lakhs by altering the cheque issued to some firm. The said fraud had occurred almost a year ago and upon receiving the written complaint, the police determined that fraud had indeed occurred and registered the case now.

According to Kotwali Police, Gujarat Sales Security Corporation, issued a cheque for Rs 2.62 lakh drawn on its account with Bank of Baroda, Jungarh Branch to a Mumbai based firm.

However, the said cheque was presented for clearance through State Bank of Hyderabad, Jawahar Marg Branch for Rs 6.40 lakhs.

The cheque came to Bank of Baroda, Jawahar Marg Branch through clearing house on October 19, and since prime facie the cheque appeared to be genuine and there was balance in the payees account, it was cleared and payment was made. The money was then withdrawn by one Arjun Ramichand, a resident of Thane, Maharasthra from his bank account with State Bank of Hyderabad, Thane Branch.

When the Mumbai firm followed up with Gujarat Firm, they checked their account and found that the cheque was cleared by someone else and for a larger amount. Thereafter a formal complaint was made to the Kotwali Police which finally registered the case after a year.

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