The Economic Offences Wing (EOW) of Delhi Police has arrested a former employee of a chartered accountant for allegedly cheating the Sansad Marg branch of a public bank of over Rs 5 crore through forged cheques. The accused, 58-year-old Sudama Narware, had been absconding for six years and was declared a proclaimed offender.
Case Details
The case was registered on January 10, 2020, after the bank reported that approximately Rs 6.3 crore had been fraudulently withdrawn from the account of a renowned private university using three cheques in August 2019. Two of these cheques were reportedly presented for clearance through another bank.
A total of Rs 5.2 crore was transferred to two accounts: one belonging to a firm in Vadodara, Gujarat, and another to an NGO in Betul, Madhya Pradesh. The transfer via the third cheque was stopped during processing, police said.
Money Trail
DCP (EOW) Subodh Kumar Goswami stated, “Rs 2.1 crore of the Rs 2.7 crore received by the NGO was later diverted to the firm, and the cheated amount of Rs 4.2 crore was further transferred to Delhi in the accounts of five shell firms.”
Narware, who served as the secretary and authorized signatory of the NGO, was apprehended from a remote area of southern Madhya Pradesh. Police added that three of his co-accused had been arrested earlier, while the remaining suspects are still absconding.
