2 dy bank managers among 8 held for Rs 1.66 cr fraud: Noida Police
Eight people, including two deputy managers of a bank in Bulandshahr, have been arrested by the Noida Police for their alleged involvement in swindling Rs 1.66 crore from the Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL), officials said on Wednesday.
Among the accused are several former PVVNL employees including a person currently working with the power distribution company, the officials said.
A senior officer said the gang would steal payment demand drafts of the power discom and get them encashed. The money would then be deposited in a bank account they had opened in Bulandshahr.
"A complaint was received at Sector 49 police station from PVVNL officials. The investigation in the case led us to the gang and arresting of its eight members. One member is absconding," Deputy Commissioner of Police, Noida I, Sankalp Sharma said.
"They had swindled Rs 1.66 crore but Rs 78 lakh of it has been recovered. The recovered amount includes cash, properties and bank accounts."
"Two of the ...