Two held in Indore for Rs 1.25 crore fraud on farmer by posing as RBI officials

Palasia police in Indore have arrested two men accused of cheating people across the country by posing as officials of an insurance firm and the Reserve Bank of India. Both were lodged in Barnala jail in Punjab. A case has been registered against them for defrauding a farmer of Rs 1.25 crore. Police have taken both on remand.

According to Station House Officer Surendra Singh, the case was registered two years ago as a fraud case on the complaint of Raghuveer Singh Rathore. The arrested men are CS Ramkumar alias Shiveshwar Pandey and Chandan Kumar alias Kamal Patnaik.

The TI said the farmer, Raghuveer, told police that the accused had called him claiming to be officers of the Reserve Bank of India (RBI). The callers gave their names as Ajay Saxena and Purushottam Singh. They lured the farmer with the promise of getting crores of rupees from a miscellaneous fund of the bank.

The accused then offered a series of pretexts, including account update, RTGS, file collegiate, file open, notification, fund transfer, guarantor security, income tax, RBI permission and insurance policies. Using these pretexts, they had Rs 1 crore 25 lakh deposited in the accounts of Pooja Kumari and Ajay Saxena. They are alleged to have sent forged papers and taken the money through RTGS and NEFT.

The complainant had also approached Palasia police station, but his complaint was not heard. Meanwhile, Punjab Police arrested the accused in another fraud. The complainant met Punjab Police and had a case registered by filing a complaint in court. On Monday, Palasia police took both accused on remand from Punjab.