The Bengaluru metropolis police introduced on Tuesday that they arrested eight folks, together with a financial institution supervisor and three gross sales executives, for allegedly siphoning off cash from a number of financial institution accounts, with transactions price Rs 97 crore throughout the nation.
The arrested have been recognized as Kishore Sahu, the supervisor of Axis Financial institution’s Nagarabhavi department; gross sales supervisor Manohar; gross sales executives Karthik and Rakesh; mule account holders Lakshmikanth, Raghu Raj, Kengegowda, and Mala. Police Commissioner B Dayananda on Tuesday mentioned that they’re on the lookout for three extra accused.
In response to a police officer, a Yelahanka resident filed a police criticism with the CEN police station on 1 July, claiming that he was defrauded of Rs 1.5 crore. The sufferer acquired a message on WhatsApp in March and was added to a buying and selling coaching group. He was then added to a VIP buying and selling account and was lured with the promise of constructing 10 instances the revenue on his funding.
The sufferer acknowledged that he initially deposited Rs 50,000 into their buying and selling account. Inside a few days, the quantity appeared to have doubled of their VIP buying and selling account. Hoping to make a big revenue, he transferred Rs 1.5 crore in varied transactions between March and June of this yr.
The buying and selling account confirmed that he had earned Rs 28 crore. Nevertheless, when he tried to withdraw the cash, he was requested to pay a Rs 75 lakh payment for server administration. Sensing one thing suspicious, the sufferer filed a criticism with the police.
The police discovered the cash was transferred to 2 present accounts registered with the Nagarabhavi department of Axis Financial institution. The accounts belonged to individuals who resided in Chikkamagaluru. Upon questioning, financial institution supervisor Sahu didn’t submit any enterprise paperwork or residential proof.
Later, it was discovered that 4 extra such financial institution accounts existed in the identical financial institution. The whole transactions on these 4 financial institution accounts had been price about Rs 97 crore. The police took custody of Sahu and different financial institution workers. Upon interrogation, they uncovered a community of corruption.
