Rs 16,000-cr fraud: Accused opened bogus firms, transferred some amount abroad, says Thane police | Thane News – Times of India

NEW DELHI/THANE: A Thane police official reported, on Monday, that a collective of individuals — who stand accused of breaching the payment gateway of a service provider company‘s account — are alleged to have illicitly transferred an astonishing sum of Rs 16,180 crore over an extended duration.
These suspects purportedly established multiple partnership firms using falsified documentation as part of their money laundering scheme.
The discovery of this fraudulent activity came to light when a complaint was filed with the Srinagar police station in April of this year.
The complaint indicated that a total of Rs 25 crore had been illicitly redirected, with Rs 1.39 crore of that amount funneled into companies located in Vashi and Belapur, as per the official’s statement.
Upon launching an investigation, law enforcement uncovered a massive fraud scheme amounting to over Rs 16,180 crore.
Subsequently, a First Information Report (FIR) was filed by a Thane crime branch official, leading the Naupada police to register a case on Friday.
The FIR has been lodged against individuals identified as Sanjay Singh, Amol Andale (also known as Aman), Kedar (known as Sameer Dighe), Jitendra Pandey, and an as-yet-unidentified person.
They are facing charges of cheating, criminal breach of trust, and various other offenses, PTI quoted the police official as saying.
The accused have established a total of five partnership firms, and the examination of 260 bank statements has unveiled transactions amounting to Rs 16,180 crore, as disclosed by additional commissioner of police (Crime) Punjabrao Ugale during a press conference on Monday.
Additionally, Punjabrao Ugale stated, “Some funds have also been transferred abroad. However, as of now, no arrests have been made in connection with this case.”
With agency inputs