ICICI Bank Relationship Manager arrested
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7, including ICICI Bank official, arrested for Rs. 50 crores loan fraud

Mumbai Police have arrested seven Mira-Bhayandar residents, including an ICICI Bank ’s relationship manager for allegedly trying to secure a loan against a fake Rs. 50-crore fixed deposit receipt.

On Monday, five people — all from Mira Road and Bhayandar — had approached the Vishal Talkies Branch of ICICI Bank and produced ‘FD slips’ seeking to transfer Rs. 50 crore. However, Manish Parmar(41), allegedly mastermind, posed as the original account holder Upendranath Nimgada from Vijayawada in Andhra Pradesh. Since the request was for a huge amount, it was taken to the manager, who found discrepancies in the slips.

When asked Parmar, he failed to provide more details. The bank officials suspected something fraudulent. Nevertheless, the manager referred the FD receipt to Bank’s Vigilance Department. The vigilance team found that the FD slip was a fake and the original account-holder had already transferred to the account on its maturity date and he has not authorised anyone for the transaction.

Immediately, the bank alerted the Andheri police. “They were arrested and booked under relevant sections of the Indian Penal Code for cheating, forgery,” said Ankit Goyal, Deputy Commissioner of Police, Zone 10.

They were identified as Manishbhai Parmar (41), Agnel Nadar (36), Sukhat Panda (30), Vijay Zanke (40) and Gautam Sharma (35). During interrogation, they revealed that they had been helped by the ICICI Bank’s Relationship Manager at the Bhayandar branch, Dharmendra Kumar, who had acquired fake FD slips and Mohammad Aslam Shaikh, who had helped make the fake FD receipt. Police arrested both of them on Tuesday.

Charges on them

The police booked them under sections 419, 420, 465, 467, 468, 471, and 34 of Indian Penal Code.

Mr. Goyal said, “The total seven accused have been booked for cheating, forgery and impersonation.”

A team, including inspector Shivaji Pawade and sub-inspector Anandrao Ghadge-are investigating if more bank staffers are involved in the crime.

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