November 17, 2021
Scam/Fraud

Police raid 3 places in search of multi-crore bank scam mastermind as pressure mounts to arrest him

In June 2018, Paliwal had said in the complaint that Porwal had cheated him of Rs 21 lakh, which is pending in the court. In 2019, Shambhu Porwal committed fraud in Jaora about which the case is also registered there.

Earlier on February 18, about 39 farmers from villages adjoining Nagda town lodged a complaint at Mandi police station. They claimed that officials of a private bank obtained important documents from them promising to prepare Kisan Credit Cards but later refused to give them loan.

Later, the farmers came to know that their documents had been used by someone to take a loan from the bank. Shambhu Porwal is the mastermind behind the bank scam.

In all seven people including three bank officials along with the main accused Dilip Vyas of Banbana, consumer service officer Ankit Kapoor of Nanakheda and Yashpal Solanki of Rajput Mohalla in Ujjain have been booked under Sections 420, 409, 467, 471, 34 of IPC. The accused were…

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