Satar Co-op Bank duped

General Manager of Satar Co-operative Bank lodged an FIR complaining that a fake account in the name of DR was opened in their Kandivali branch and used for siphoning off money.

The economic offences wing in Mumbai took one Yogesh Darji into custody for cheating the bank of Rs. 5.59 crore. The police is looking for his accomplice Nilesh Prajapati a garment dealer, says a report in Times of India.

As per police records the accused would approach people asking them whether they are interested in buying forfeited properties at throwaway prices. Later they would meet the buyers and negotiate about the property, adds the report.