Money laundering: man held in airport
Police arrested a man in the airport on Tuesday in connection with a money laundering case involving bank officials.
- Published 19.10.17
Salt Lake: Police arrested a man in the airport on Tuesday in connection with a money laundering case involving bank officials.
Officers of Salt Lake cyber crime police station picked up Hanish Toshniwal, 28, minutes after he landed in the city from Delhi and seized Rs 50,090, a mobile phone and his identity cards from him.
A group of bank officials and others had created 70 fake accounts to channel more than 100 crore in them from various sources after the demonetisation.
The police had arrested Madhusudan Grandhi, the manager of Karnataka Bank's Palm Beach Road branch, Navi Mumbai, in Calcutta on July 13. Grandhi had been posted at the bank's Rajarhat branch where the accounts had been opened using forged voter identity and PAN cards.
The matter came to light when Santosh Sharma of Lake Town's Dakshindari lodged a complaint with the police station in February.
In his complaint, Sharma, a trader, referred to an income tax letter asking him about Rs 7.6 lakh deposited in his current account at the bank's Rajarhat branch.
Toshniwal acted as the middleman between bank officials and those who wanted to deposit unaccounted for money after the demonetisation, a cyber crime police station officer said.
"The most favoured method by the racketeers was to start fake companies on paper and create multiple accounts in their names. Money was then pumped into the accounts," the officer said.
Toshniwal is important because he knows several of those who had opened the accounts, the police said.
The money trail drew a blank because the companies didn't exist, another officer said. "We will question him about those who had opened the accounts."
Manager Grandhi, originally from Andhra Pradesh, had told cops that a major chunk of the money deposited in the Rajarhat branch had been moved to other states.
Toshniwal has been booked for cheating, forgery and criminal conspiracy among others.