A private bank employee in Amreli district has been arrested for allegedly conducting a false physical address verification of a bank account that was subsequently used in the transaction of Rs 4.65 crore worth of illegal proceeds of crime, said police on Thursday.
The State Cybercrime Cell of CID identified the accused as Sumit Parsotam Savalia who was working as a relationship manager at the bank.
The false verification by the accused misled the police officials investigating the paper trail of cybercrimes, said the police.
In a statement issued on Thursday, the State Cybercrime Cell stated, “A bank account was opened in the name of Shiv Corporation in a private bank in Amreli with account number 50200100229712. Investigation into this account found illegal transactions of Rs 4.65 crore, so a police team was sent to Amreli for investigation.”
The police statement stated, “During the investigation, one Mayur Khodidas Cholera was found using this account and all the transactions in it were carried out through him. He was receiving a commission for transferring the illegal proceeds of cyber fraud.”
Cholera was subsequently arrested and legal action was taken against him, said the police.
During further investigation, the Shiv Corporation was found to be situated at Hudco Society in Amreli’s Savarkundla taluka, said the police. This address was given to the bank at the time of opening the account. However, when the police reached the address, they found no such firm at the address, said the officials. Instead, they found Shiv Corporation to be located at APMC Market. “Notably, during the police verification of the information provided by the bank, a photograph of the firm with a closed shutter was attached to it. On questioning the owner of the firm, Deepak Kumar Dhirajlal Mashru, it was found that the said photograph was taken in his absence,” said the police.
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During further investigation, many errors were found in the verification of this bank account, said the police. On checking with the bank in Amreli, the police said it found that relationship manager Savalia had carried out the verification of Shiv Corporation while opening the bank account.
“During Savalia’s questioning, it was found that he had carried out the verification of a firm with a similar name, approximately 2 km from the address mentioned in the bank details. This was done to open the bank account in an illegal manner, regarding which legal action has been taken against the accused,” said the statement. Further investigation into the matter is underway, said police.
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