The Malad police arrested a key member of a gang that stole cheques from the drop boxes of banks and would withdraw money using the same cheques in the other banks. The man, identified as Harikrishna Shivraam Shethy alias Anu Shethy (34), he was arrested from a cemetery in Kurla, while other members of the gang are still at large.

According to the police, Shethy, a resident of Jogeshwari, stole cheques from various banks, withdrew the money and transferred the amount into accounts of other banks as per the direction from his gang leader. He would get 10 to 15 per cent commission from the amount of the stolen cheque, an officer from Malad police station said.