The case came to light after an official from TDCM approached the Cuffe Parade police a week ago.
Mumbai: Cuffe Parade police on Monday arrested a Nashik-based bank manager of the public sector Andhra Bank, T.M. Kishor (45), for allegedly opening two fake accounts in the name of Tribal Development Corporation of Maharashtra (TDCM) to receive unaccounted funds worth Rs 10 crore. The police is still ascertaining the source and nature of money allegedly deposited in an account opened by Mr Kishor in the name of TDCM at Andhra Bank in Nashik. The police arrested his accomplice last week for opening another fake account in the same name in a south Mumbai bank branch.
The case came to light after an official from TDCM approached the Cuffe Parade police a week ago, complaining of a fake account in the Nashik and Mumbai branch of a private sector bank trying to transfer Rs 10 crore. The police had arrested a Bandra resident, Pravin Shingwan, four days before in the same case.
According to an officer, the suspected scam came to light after a Know Your Customer (KYC) form of Canara Bank in Cuffe Parade, where the accused Shingwan had created a fake account in the name of TDCM, was submitted.