Indore: Two persons, including an area manager of a private bank, were booked for opening four bank accounts fraudulently and making transaction of crores of rupees in Malharganj area. However, police have yet to establish the motive behind the fraud.
Sachin Sharma and Vishal Rathuar had given a written complaint at Malharganj police station against Avish Rathi, area manager of Axis Bank at Itwaria Bazaar branch and his accomplice Lokesh Yadav.
The complainants stated that the accused had taken documents from them and fraudulently opened four bank accounts in February 2011, police said. The accused used these four accounts for huge transactions and they deposited total `3 crore on different times and the amount was withdrawn in the name of different firms through demand drafts, claimed police.
When the complainants came to know about the transactions of huge amount in bank accounts opened in their names without their consent, they immediately informed police.
Now, the police are bewildered as they could not understand the motive for transactions of huge amount through banks as normally conmen try to hide their real income to save income tax.
CSP Malharganj Rupesh Dwivedi claimed that the purpose of accused will only be clear after their arrest as normally people avoid transactions through banks to evade income tax but here the case is quite opposite.
Accused Rathi is a native of Neemuch while his accomplice Yadav hails from Bihar.