Nagda: Police raid 3 places in search of multi-crore bank scam mastermind as pressure mounts to arrest him

On Thursday, Khandwa-based Hemant Industries proprietor Ashok Paliwal lodged a complaint with Ujjain inspector general of police demanding to declare a reward on Porwal's arrest and also confiscate his property.

FP News ServiceUpdated: Saturday, June 19, 2021, 02:23 PM IST
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On February 18, about 39 farmers from villages adjoining Nagda lodged complaint at Mandi police station about how they were cheated by bank officials | Representative Pic

Nagda (Ujjain district, Madhya Pradesh): Mandi police team on Friday conducted raid at three places in search of multi-crore bank fraud mastermind Shambhu Porwal. Porwal has been on the run for past three months.

On Thursday, Khandwa-based Hemant Industries proprietor Ashok Paliwal lodged a complaint with Ujjain inspector general of police demanding to declare a reward on Porwal's arrest and also confiscate his property. Paliwal claimed that in the last three months, Mandi police did not search for accused even once by reaching out to his family or shop.

Following this, Mandi police station incharge Shyamchandra Sharma raided the shop with force. The accused Shambhu Porwal was not found but family members were present and shop was open. Police station incharge Sharma told family members to ask Shambhu to surrender before court in next 24 hours failing which the shop will be sealed.

In June 2018, Paliwal had said in the complaint that Porwal had cheated him of Rs 21 lakh, which is pending in the court. In 2019, Shambhu Porwal committed fraud in Jaora about which the case is also registered there.

Earlier on February 18, about 39 farmers from villages adjoining Nagda town lodged a complaint at Mandi police station. They claimed that officials of a private bank obtained important documents from them promising to prepare Kisan Credit Cards but later refused to give them loan.

Later, the farmers came to know that their documents had been used by someone to take a loan from the bank. Shambhu Porwal is the mastermind behind the bank scam.

In all seven people including three bank officials along with the main accused Dilip Vyas of Banbana, consumer service officer Ankit Kapoor of Nanakheda and Yashpal Solanki of Rajput Mohalla in Ujjain have been booked under Sections 420, 409, 467, 471, 34 of IPC. The accused were arrested and produced before the court by Mandi police.

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