Techie arrested for embezzling Rs 2 crore of bank

A software engineer was today arrested by Rajasthan Special Operations Group from New Delhi for allegedly embezzling over Rs 2 crore of Alwar Urban Cooperative Bank.
Special Operations Groups (SOG) of Rajasthan police arrested New Delhi-based Manpreet Singh Bhasin in connection with the multi-crore embezzlement of the bank.
He had made 92 fake identity cards, PAN cards to raise bank loans illegally.
He also faked identities to file income-tax return (ITR), ADG police (ATS and SOG), Umesh Mishra said, adding that the embezzlement committed by Bhasin is more than Rs 2 crore of the total Rs 16 crore, he said.

SOG of state police arrested Bhasin from Gandhi Nagar of New Delhi and he will be produced before the court tomorrow, police said.
Bhasin was running a website designing and web promotion firm in New Delhi after completing his BTech from a private engineering college in Merrut in 2007, Mishra said.
Bhasin conniving with the master mind Abhishek Joshi executed the multi-crore scam, he added.
Five persons, including the chairman, director and former chairman of the bank, were arrested last year in this connection.