The Economic Offences Wing of Delhi Police this past Friday (10 January 2019) registered an FIR on a complaint originally lodged with the Connaught Place Police station by Amity University on 4 September 2019 alleging that money to the tune of Rs. 62.67 million (Rs. 6,26,75,003) had been withdrawn fraudulently and illegally from its account through forged and fake cheques.
Since the amount involved exceeded Rs. 20 million, the case was handed over to the EOW, which has conducted preliminary investigation and arrived at the conclusion that prima facie a case is made out.
An FIR has been lodged in this case by the EOW, Delhi Police, under Sections 420, 467 466, 120B and 34 IPC.
It is important to note that it took four months for Delhi Police and it’s EOW to conduct preliminary investigation and register an FIR in this case. Does the delay in registering an FIR also makes out a case of abetting money laundering or helping the kingpins of the crime to cover their tracks?
The accused in this case are:
(1) N.S. Infrastructure, Address Unknown, having account beanng no. 085505000862 cheque presented through Regional Processing Centre (RPC) of ICICI Bank. A-4, Rani Jhansi Road, Jhandewalan Extn. New Delhi
(2) Maa Tapit Manav Sewa Sansthan, Address Unknown, having account beanng no. 259101000431 cheque presented through Regional Processing Centre (RPC) of ICICI Bank, A4. Rani Jhansi Road, Jhandewalan Extn. New Delhi
(3) Bhavishyahub Extra World Pre Ltd. Address Unknown, having account bearing no. 201003047935 cheque presented through Indusand Bank Ltd. Noida Sec-51 Branch, U.P.
(4) Other unknown persons.
The Complainant Bank is Allahabad Bank. The complaint has been directed against the offences committed by the accused through the Asstt General Manager heading the Parliament Street branch of Allahabad Bank.
The Complainant Bank maintains that a saving bank account no. 20519034454 in the name of Amity University, Utter Pradesh, was being maintained at their branch at Sector 125 Noida, Uttar Pradesh.
In the normal course of Banking transaction, an amount of Rs. 2,50,30,600 (Rupees Two Crore Fifty Lacs Thirty Thousand Six Hundred) was transferred in the account of “N.S. Infrastructure” (account no. 085505000862 maintained with ICICI Bank). This was against a cheque presented through ICICI Bank that was cleared in the cheque truncation system (CTS System). This cheque (number 281995 dated 22.08.2019 and presented on 31.08.2019) was cleared by the service branch of Alahabad Bank at Parliament Street, New Delhi. The beneficiary of this instrument is N.S. Infrastructure.
As part of Banking transaction, an amount of Rs. 2,70,30,400/- (Rupees Two Crore Seventy Lacs Thirty Thousand Four Hundred Only) was transferred against another cheque in the account of “Maa Tapit Manav Sewa Sansthan” (account no. 259101000431 maintained with ICICI Bank). This cheque was presented through ICICI Bank and was cleared in the cheque truncation system (CTS System). On being presented this cheque bearing number 281990 dated 21.08.2019 on 31.08.2019, was also cleared by the service branch of Allahabad Bank at Parliament Street.
The beneficiary of this Instrument Is Maa Tapit Manav Sewa Sansthan
Similarly, an amount of Rs. 1,06,14,003/- (Rupees One Crore, Six Lacs Fourteen Thousand Three Only) was transferred in the account of Bhavishyahub Extro World Pvt Ltd (account no 201003047935 maintained with Indusand Bank Ltd. Noida Sec-51 Branch, U.P.) on presentation of cheque bearing number 281992 dated 30 08 2019 on 04.09 2019. Even this cheque was cleared by the Parliament Street branch of Allahabad Bank. The beneficiary of this instrument is Bhavishyahub Extro World Pvt Ltd.
The authorised representative of Amity University, Uttar Pradesh, had visited the Allahabad Bank branch to collect the monthly account statement on 4 September 2019 and the bank was informed that day that they had not issued the cheques that had led to the transfer of huge sums of money into the accounts of the accused persons. A complaint was then lodged with the bank about the fraudulent transactions from its bank account by Amity University and it was claimed that the transactions were carried out without their knowledge and information and the University orally sought the refund of money.
Thereafter, the Allahabad Bank officials raised the matter with the concerned branches of ICICI Bank & IndusInd Bank Ltd to hold on to the said amount and to refund the same. Allahabad Bank also requested the other banks to disclose the details of the beneficiaries linked to the accounts in question.
Further investigation in this case is continuing.