In a collaborative operation between Noida Sector-58 police and the Crime Branch, Mannu Bhola and two other wanted suspects have been arrested for their involvement in the 200 crore FD fraud case against the Noida Authority. Mannu Bhola had a reward of ₹25,000 on his head. A significant amount of fake documents, including PAN cards, Aadhar cards, and fraudulent bank documents, were seized during the raid.
The Noida Authority had initiated a bid to create an FD worth 200 crores. Bank of India, Sector-62, won the bid, and the Noida Authority deposited two FDs worth 100 crores each with the bank. The procedure necessitates that the bank holding the FD must have an account.
Read More - Noida: SIT reveals major scam in compensation distribution; ₹117.56 crore issued to ineligible farmers
Consequently, the Noida Authority appointed a signing authority. However, before the authorized officer could arrive at the bank, the conmen impersonated officers from the authority and managed to transfer ₹3.90 crores to another account. They attempted to transfer an additional ₹9 crores, but the bank froze the transfer.
This fraud came to light in July 2023, when the Noida Development Authority sought confirmation of the 200 crore FD from the Bank of India's Sector-62 branch. The bank's information revealed that the FD was fake and ₹3.90 crores had been transferred on June 30, 2023.
FIR Registered at Sector-58 Police Station
In this regard, the Noida Development Authority registered an FIR at Sector-58 Police Station on July 4, 2023. Preliminary investigations revealed that the criminals used forged documents to open a bank account under the name of the Noida Authority and transferred ₹3.90 crores. Mannu Bhola was identified as the mastermind behind this conspiracy, executed in collusion with other suspects.
Police arrested Mannu Bhola and another suspect, Tridib Das, from the Kabir Palace Hotel in Delhi. During the investigation, the police recovered 7 seals, 5 Aadhar cards, 2 PAN cards, 14 debit/credit cards, 5 checkbooks, 2 passbooks, and other fake documents from the suspects. Previously, five other suspects were arrested: Abdul Khader, Rajesh Pandey, Sudhir, Murari, and Rajesh Babu. Abdul Khader was the person who transferred ₹3.90 crores from the Noida Authority's account and was arrested last year. The police are actively searching for other individuals involved in this case.
