Hospital director loses Rs 40 lakh from OD account, 1 held, bank suspected
Indore: The director of Laxmi Memorial Hospital lost Rs 40 lakh from his Over Draft (OD) account with a private sector bank after a person fraudulently transferred the money to seven different accounts, while the doctor neither received any SMS or OTP necessary for the transaction.
The state cyber cell, on Tuesday, arrested a person in connection with the fraud, while a notice was also issued to the bank demanding an explanation about the transfer of the money from the OD account without sending any OTP to the complainant.
This comes after the doctor registered a case stating that someone had transferred an amount of Rs 40.5 lakh from his OD account to other bank accounts between September 30 and October 2. However, he did not receive any OTP necessary for a transaction from the said bank, stated the SO (Cyber Cell) Jitendra Singh.
The doctor had opened an OD bank account in a private sector bank having a limit of Rs 85 lakh. When he checked his bank account, he found out about the unknown transactions. As a result, he immediately transferred the remaining amount of Rs 45 lakh to his other account to stop further transactions from his OD bank account.
An OD bank account is an Overdraft Bank account in which one can withdraw money even if there is no fund in the account, and a specific limit is sanctioned by the bank up to which it can go in negative.
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The investigating police officers, Inspector Rashid Ahmed and ASI Rampal found that the amount was transferred to seven accounts of various banks. Accordingly, a case was filed under sections, 43/66, 66-C, and 66-D of the IT Act and sections 419, 420, 34 of the IPC against the accused.
After identifying the bank account holders to whom the money was transferred, the cyber cell officials froze the illegally transferred money to prevent the accused from withdrawing the money further from their account.
The suspects were identified as Kranti Ujjaini, Akash Parihar, Vivek Dhasal, and Chandrashekhar Parihar, who also gave information to the cyber cell officials about Anil Kachhway, the person responsible for transferring the money to their accounts. Kachhway was arrested by the police from near the bank, who eventually confessed that the money was transferred by him fraudulently from the doctor's bank account.
According to a recent media report in Free Press Journal, the police arrested all five of them, the 4 bank account holders to whom the money was transferred and the main accused who transferred the money fraudulently to seven different banks.
The bank's role in the incident is also suspected by the police since they did not send the OTP to the complainant which is necessary before transferring any amount of money.
Demanding an explanation of the incident from the bank, SP Jitendra Singh added, "We've issued a notice to the bank under Section 85 to clear the situation."
