After reaching Delhi, Singh collected money from his mother and was trying to procure a new SIM using a fake identity.
New Delhi: A 28-year-old man, carrying a reward of Rs 50,000, has been arrested for allegedly cheating bank customers by forging their signatures, the police said on Friday.
The accused, Ram Singh, is a resident of Tilak Nagar. He was arrested on Ja-nuary 22 after the police received information that Singh was hiding in Aurangabad. Sensing his impending arrest, the accused managed to flee to Delhi, DCP Sanj-eev Kumar Yadav said.
After reaching Delhi, Singh collected money from his mother and was trying to procure a new SIM using a fake identity. He was supposed to meet a friend in Vikas Nagar for this purpose, he said.
A trap was laid in Uttam Nagar’s Vikas Nagar area. Singh was apprehended by the police team after a brief chase. Mobile handsets with SIM cards used for cheating were recovered from his possession.
Investigations revealed that Singh had contacts in various banks and through these contacts he managed to procure details of customers. Following this, he chose both active and dormant accounts of customers with sufficient balance, the DCP said.
Singh, along with his associate Jitender, used to make fake bank cheques by forging the signatures of customers and withdrew money from the accounts. Subsequently, they went off the radar, the DCP added.
In one particular case, the accused duo swindled Rs 55 lakh from the account of a victim while in another case they swindled Rs 58 lakh.
In most cases, the bank as well as the customer was unaware of the forged transaction.
The gang has been active since the last three years and had duped several persons. Further investigation is underway, police said.
