Six arrested for embezzlement in Punjab

Chandigarh: Police arrested six persons for allegedly hacking the official login and password of local Division Accounts and embezzling over Rs four crore.

After a complaint was lodged, a Special Investigation Team (SIT) was constituted which found Rs 1,98,99,897 was transferred in the bank account of State Bank of Hyderabad in Mohali by the name of Sumit Garg Prop Creative Builders.

The second amount, Rs 2,05,19,913 was transferred to Union Bank of India by the name of Deepak Mittal Prop Century Engineer, they said.

“It was found that out of the embezzled amount, only Rs 13.15 lakh was withdrawn till May 5,” police said.

Police yesterday laid a trap to nab the accused and apprehended a man from Union Bank of India when he presented a cheque for encashment from the accounts, disclosing his name as Rahul Sharma alias Ravi Kumar and later on Ajay Kumar.

Later, Ajay’s associates, Prem Singh, Samdarsh, Mustafa and Santosh Kumar were arrested, they said.

During investigation, it was found that Partap Singh, brother of alleged kingpin Prem Singh works in the accounts office. He had stolen login, password and prepared forged pay orders in the name of their two fake firms.

Late, Partap Singh was also arrested, police said.

It was found that Ajay Kumar and Mustafa had opened sixteen bank accounts by impersonating themselves with different names, they said, adding police have recovered Rs 9.50 lakh, a car, a cheque of Rs 32 lakh, fake stamps, fake ITRs, six mobile phones, ATM cards, bank passbooks and cheque books from their possession.

Meanwhile, a court here today remanded all the accused to two days police remand.