Cheque fraud: Factory owner's accomplice held in Raj

Days after a slate factory owner was arrested in connection with a case of alleged cheque fraud, the Special Operations Group of the city police today arrested his accomplice in Gangapur area here.
The factory owner, Gopal Gupta, is accused of illegally depositing Rs 7 lakh demonetised currency in the account of one of his employees.
Gupta was arrested on December 15 and Rs 1.25 lakh in new Rs 2,000 denomination was seized from his possession, police said.
His accomplice Rajesh Meena, chief cashier at Punjab National Bank in Gangapur city was arrested today, they said.
"The slate factory owner Gopal Gupta conniving with the chief cashier had deposited Rs 18.30 lakhs in five different accounts that he opened in the names of factory employees to exchange demonetised currency. Rs 7 lakhs were deposited in the account of Virendra Pandey who died while undergoing treatment recently," Inspector General of Police, SOG, Dinesh M N told PTI.

After the demonetisation move, Gupta had opened accounts of his employees, including Virendra Pandey (32) and four others at Punjab National Bank. The accused later deceived Pandey and got the cheques signed. He then presented the signed cheques and withdrew the money on November 13.
A complaint was lodged following which SOG exposed the fraud.
The police added that Gupta is also the director of a prominent school in Gangapur.