Cuffe Parade police on Saturday arrested a bank manager from Nashik who is allegedly suspected of fraudulently transferring Rs 10 crore from the bank account of Maharashtra State Tribal Development Corporation (MSTDC), Nashik to another account in order to siphon the money.
The accused has been identified as Thivu Mutthi Kishore, 45, manager of a bank where MSTDC had kept a fixed deposit (FD) that was transferred from the account fraudulently. Police had earlier arrested Kishore's accomplice, Pravin Shivmane, in Mumbai last week.
MSTDC has a FD of Rs 10 crore in a Nashik-based bank which was nearing maturity and was supposed to get auto-renewed. "The fraudsters had opened a bogus account in the name of MSTDC in a Cuffe Parade-based branch of another bank, had forged documents, and transferred Rs 10 crore to the bank in once the FD had been renewed. Fortunately, Shivmane, was nabbed before he could withdraw the money."
After Shivmane's arrest, a team of Cuffe Parade policemen were sent to Nashik, where they discovered Kishore was in charge of the department. A case of forgery and cheating has been registered in the Cuffe Parade police station against him.
