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Bid to fraudulently withdraw Rs 117cr from CMRF foiled

Bid to fraudulently withdraw Rs 117cr from CMRF foiled

Vijayawada, Sep 21, 2020: An attempt to withdraw Rs 117 crore from Chief Minister Relief Fund (CMRF) with forged cheques was foiled the by staff at State Bank of India. The fraudsters presented fake cheques at SBI branches in New Delhi, Kolkata and Mangalore. The bank managers contacted the issuing bank manager at Velagapudi for verification. SBI Velagapudi branch manager contacted CMRF staff and asked to stop the payment.

bank fraud

The CMRF officials said the cheque numbers presented to draw huge amounts were given by them to other beneficiaries. The cheque number 694499 was issued for Rs 16,000 to one Kolli Rataiah, cheque number 79,2896 was issued for Rs 45,000 to one K Hymavati and the cheque number 792893 was issued for Rs 45000 to one P Ramaiah.

A cheque (694499) was presented in Mangalore for Rs 52.65 lakh in the name of VK Hollow Blocks. Another cheque (792896) was presented in New Delhi for Rs 39.85 lakh in the name of Sharma Forcing (Delhi) and cheque number 79283 was presented in Kolkata for Rs 24.65 lakh against Mallabpur People Rural Development Society. The fake cheques had the stamp and signature of secretary for CMRF in revenue department.

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