A deputy general manager (DGM) of a nationalised bank (Punjab National bank, Vashi Branch) was arrested by the Vashi police on Friday in a multi-crore fraud.
The police are in search of more than 20 people, who are involved in the scam. The arrested accused is identified as R. Goel, who was the deputy general manager of the Vashi Branch.
The complainant Suhabrata Dotta, 46, a resident of Vashi who owns a manufacturing business, was also one of the customers of the bank who had suffered losses in the case. Dotta alleged that he has been cheated of R23 crore. He added that he had complained about this to Goel over the last three years. However, given Goel’s involvement in the scam, no action was taken.
The DGM was in touch with different brokers, who would approach him with fake documents.
“The DGM approved these documents which cited fake loans. We will disclose more details once further arrests are made,” said a senior officer. The Vashi police had registered a case six months ago in August for cheating and forgery under different sections of the Indian penal code. “The accused was produced in the holiday court in Vashi on Saturday and will be in police custody till February 17,” said a senior officer from Vashi police station.
The police is searching for the remaining people involved in the scam.