Gang tries to en­cash fake DD of 9.8cr

The Times of India (New Delhi edition) - - Times City - TIMES NEWS NET­WORK

New Delhi: Officials of Pun­jab Na­tional Bank were sur­prised when three men came to en­cash a de­mand draft of a stag­ger­ing Rs 9.8 crore.

The draft had been is­sued by Ever­est bank, a sub­sidiary of PNB, in Nepal. How­ever, a joint in­quiry by po­lice and the bank re­vealed that it was a con and the draft was forged.

The ac­cused have been iden­ti­fied as Yash Sax­ena (42), Deven­der Singh Malviya (47) and Rajeev Upad­hyay, who are res­i­dents of Bhopal.

Two of the ac­cused worked as sales staff of a bank and were con­fi­dent of en­cash­ing the draft by the time the bank learned that it was fake. They had helped peo­ple clear drafts while tak­ing loans and hatched the plot.

Dur­ing in­ter­ro­ga­tion, Sax­ena and Malviya said they had also helped their ac­com­plice, Upad­hyay, get a loan for open­ing a restau­rant. The three of them be­came friends after that.

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