Ex-CA Employee on the run for 6 years held for fraud

New Delhi: A former employee of a chartered accountant has been arrested by the Economic Offences Wing (EOW) for allegedly cheating the Sansad Marg branch of a public bank of over Rs 5 crore through forged cheques.

The accused, 58-year-old Sudama Narware, had been absconding for six years and was declared a proclaimed offender.

The case was registered on Jan 10, 2020, when the bank alleged that around Rs 6.3 crore had been withdrawn from the account of a renowned private university fraudulently through three cheques in Aug 2019. Two of these cheques had reportedly been presented for clearance through another bank.

A total amount of Rs 5.2 crore had been transferred to two accounts, one to a firm in Vadodara, Gujarat, and another to an NGO in Betul, MP. The transfer through the third cheque was stopped during the process, police said.

“Rs 2.1 crore of the Rs 2.7 crore received by the NGO was later diverted to the firm, and the cheated Rs 4.2 crore was further transferred to Delhi in the accounts of five shell firms,” said DCP (EOW) Subodh Kumar Goswami.

Narware, the secretary and authorized signatory of the NGO, was nabbed from a remote area of southern MP, police said, adding that three of his co-accused had earlier been arrested, whilst the remaining are absconding.