BANK FRAUD (USE OF CLONE CHEQUE) CASE OF Rs.2.46 CRORE, INVESTIGATED BY EOW ODISHA RESULTED IN CONVICTION
Bureau,Odishabarta
Bhubaneswar,15/12/23:EOW has been investigating EOW PS Case No. 07 dated 23.03.2022 U/s 420/467/468/471/120-B IPC, registered on the allegation of Sri Abhisek Panda,the Executive Officer, Barbil Municipality, Barbil, Keonjhar that fraudulent and
unauthorised transfer of Rs.2,45,60,800/- from their official account maintained
with Bank of Baroda, Barbil, done by using clone cheques and forged signature of
the informant.
Investigation of the case revealed that the official account of Barbil Municipality was maintained with Bank of Baroda, Barbil, and the authorized signatory of the account is the informant in his capacity as Executive Officer of Barbil Municipality, and each debit transaction from the account is made under his signature only. However, on 16.03.2022 and 21.03.2022, the accused persons,Subas Ghisingh Giri and Sayed Shahbaaz Naqvi in criminal conspiracy with others managed to transfer/withdraw Rs.2,45,60,800/- from the above account by using the clone cheque prepared by forging the bank cheques and the signature of the Executive Officer.
In course of investigation, it was found that out of the fraud amount of Rs.2,45,60,800/-, an amount of Rs.70,16,520/- was found to have been diverted to the account of Sayed Shahbaaz Naqvi maintained with Bank of India, whereas Rs.25 lakhs was found to have finally landed in the account of Subas Ghisingh Giri maintained with ICICI Bank.
Expert assistance from Hand Writing Bureau, CC TV footage analysis and assistance from BSNL authorities were proved vital apart from other traditional approach during investigation of the case.
Subhash Ghising Giri was arrested from Barrackpore, West Bengal on 24th march 2022. Later another accused Sayed Shahbaaz Naqvi (from Raipur,Chattisgarh) was arrested on 25th March 2022.
Basing on evidence CS No.23 dt.19.07.2022 U/s 420/467/468/471/120-B IPC was submitted against Subas Ghisingh Giri and Sayed Shahbaaz Naqvi in the Hon’ble Designated Court under OPID Act, Balasore.
Hon’ble Court under OPID, Balasore, delivered the judgement today i.e. on 15.12.2023 in the above case holding the accused persons namely Sayed Shahbaaz Naqvi and Subas Ghisingh Giri guilty U/s 420/467/468/471/120-B IPC and sentenced them to undergo Rigorous Imprisonment (RI) for seven years and fine of Rs.2.5 Lakhs each. On default of fine accused persons Sayed Shahbaaz Naqvi and Ghisingh Giri will undergo further imprisonment of 27 months each.
Shri Pranab Kumar Panda, Spl. PP, OPID Court, Balasore was conducting the prosecution.DSP Sri Simanchal Gantayat was the investigating officer of the case.
1. This is the first conviction in Odisha in such case (Cheque Cloning)
2. This is fastest case of conviction of EOW Odisha.
3. Conviction time –
4. 1 year 9 months (from the date of registration of case)
5. 1 year 5 month (from the date of submission of Charge sheet)
