The crime was exposed when a person went to the Kurla branch of the bank and asked them to check the man’s account as he had been spending a lot of late
What will you do if you find yourself richer overnight by Rs 12.8 lakh in your bank account? Chances are, you’ll realise there’s been a mistake and report it to the bank. But not if you are Arvind Yadav.
The individual from UP decided to spend this amount which was put into his account after a mistake by Saraswat Cooperative Bank officials. They had transferred another person’s money to Yadav’s account. The bank officials registered a case against Yadav with the Juhu police station late last week.
The offence was taken under sections 406 (criminal breach of trust) and 420 (cheating and dishonestly inducing delivery of property) of the Indian Penal Code against Yadav for knowingly withdrawing the cash. The accused is yet to be located by the cops, however.
An officer from Juhu police station said, “Yadav has been withdrawing money from his bank account since April 15. Till November 20 he withdrew Rs 10.6 lakh.” Police say the crime came to light when a person went to the Kurla branch of the bank and told officials to check Yadav’s account as he had been spending a lot of late.
Police did not disclose this person’s identity. As the individual who was rightly supposed to get the money did not complain to the bank that it was not deposited in his account, until then the bank officials also did not know that Yadav had been using it.
“The bank officials investigated after the person alerted them and learnt that somebody else’s money had been put in Yadav’s account and he had been spending that money. In this case the accused didn’t intentionally steal the money, but as a citizen it was his responsibility to inform the bank officials or the police that suddenly a big amount was put in his account,” the officer added.
According to the police, Yadav debited Rs 10.6 lakh through more then 50 transactions. Through the details given by Yadav, the police visited his rented residence in Kurla but he was not there. They have been using his Call Data Location to try to locate him.
The police inspector in charge of Juhu police station, Ajinath Satpute said that the complainant is the manager of the bank, and the investigation was in progress.