Bihar bank manager foils bid to transfer Rs 11.73 cr from govt account

Patna, Jan 4 : A 32-year-old man’s attempt to fraudulently transfer Rs 11.73 crore to a private firm’s bank account through RTGS from a government account was foiled by an alert manager of a private bank here, police said on Monday.
Accused Subham Kumar Gupta, a resident of Patna’s Chitkohra locality, was arrested in connection with the fraud.
Manager Abhishek Raja said in his complaint that Gupta on Saturday visited the Kotak Mahindra branch on Exhibition Road at around 3 p.m. to transfer Rs 11,73,12,721 from the land acquisition department’s account of the government.
Gupta was also carrying some forms signed by Land Acquisition Officer Pankaj Patel and the manager of the recipient bank.
Gandhi Maidan police station, SHO, Ranjeet Vats said that the manager of the Kotak Mahindra bank found Gupta’s activities to be suspicious after he failed to produce the bank cheques required for every RTGS on high amount.
“Gupta was also carrying a no objection certificate issued on the letterhead of the National Highways Authority of India (NHAI) wherein ‘ok to process’ was mentioned. As, it was a huge amount and he was not carrying the necessary cheques required for the RTGS, the manager suspected foul play,” Vats said.