Greed provokes MBA, lands him in net for banking fraud

An MBA from Delhi University who took to internet banking frauds to earn a quick buck, after quitting his high salary job, has landed in police net here.

After questioning by investigators, he was Thursday sent to judicial custody by a court, an official said.

Amit Sabharwal, 34, of north Delhi’s Rohini, was arrested by Gurgaon Police on June 29 in west Delhi’s Najafgarh, a police officer said.

Fed-up with his habit of committing frauds, his wife too had deserted him, police said.
Sabharwal had employed a junior Vijay Sahni alias Vijay Chugh of Delhi who was arrested in Najafgarh on May 30, for executing his plans, police said.

“The main accused in the crime was Amit Sabharwal, he had kept Vijay on salary of Rs 6,000 per month,” said police commissioner Alok Mittal.

“Amit was one of the high scorers of MBA in 2002 from Delhi University with 89 per cent marks. He was employed as a senior manager with a firm at Sonipat in Haryana,” he said.

He was getting Rs 72,000 per month salary but refused to move with the company when it shifted to Kolkata in 2008, police said.

Vijay was involved in illegally withdrawing Rs 1 lakh from the bank account of a Gurgaon resident through net-banking, police said.

Sugato Debgupta, a resident of Malibu town here, complained that someone withdrew Rs 1 lakh from his account at HDFC Bank. A cheating case was registered on May 29, police said.

“The accused hacked the mail ID of the victim and made changes in his accounts and changed the mobile number of SMS alert,” said Suresh Kumar, chief of Gurgaon cyber crime cell.

Police said the accused had managed to get sanctioned Rs 3 lakh as loan in Debgupta’s name and were about to withdraw it.

Besides Gurgaon’s Rs 1 lakh net-banking fraud, the accused also duped Raghav Bhalla of Punjab’s Pathankot of nearly Rs 4 lakh, police said.

“Amit was in a jail in Agra for over two months over a net-banking fraud of Rs 5 lakh and came out of jail three months ago,” a police official said.

“The accused had almost withdrawn Rs 85 lakh from an account of late businessman Ashok Bansal and was supposed to collect the amount on June 30, but was arrested a day earlier,” police said.

Comments (+)