The accused in police custody
Bahraich/Lucknow : Bahraich police arrested a 36-year-old contractual employee operating a bank’s business correspondent point for allegedly duping more than 100 customers of around Rs 85 lakh over the past eight years by collecting cash from them on the pretext of depositing it into their bank accounts. Exploiting their confidence in the banking facility, he allegedly continued collecting cash without depositing it, eventually causing losses of approximately Rs 85 lakh to more than 100 account holders. The fraud came to light after complaints were raised by affected customers, following which a case was registered against him at the Dargah Sharif police station under Section 316(5) of the Bharatiya Nyaya Sanhita (BNS).
Police subsequently launched a search to trace the accused.
Shah had been working as a contractual employee at the point for nearly eight years, according to police. Superintendent of Police, Bahraich, Vishwajeet Srivastava, said police are investigating the complaints and the alleged financial transactions to establish the extent of the fraud and identify the affected account holders. During this period, he allegedly developed a network of customers who regularly approached him to deposit money. Acting on a tip-off, a police team arrested him. After completing the necessary legal formalities, police produced him before a court in Bahraich.