Three arrested for cheating bank in Vijayawada
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Last Updated: Tuesday, February 01, 2011, 10:47
Vijayawada: City police on Tuesday arrested three youths for allegedly cheating a bank here of Rs seven lakh by tampering with a demand draft.

According to police, one of the accused purchased a demand draft for Rs 700 from Vytarani Grameen Bank from Bhubaneshwar, and later changed the figure into seven lakh.

The accused then deposited the tampered draft into one of their accomplice's account in the Bank of India's Governorpet branch after which the bank transferred the amount in to the account, they added.

However, when the bank sent the draft to Vytarni Grameen Bank, they refused payment to Bank of India following which the local branch manager registered a police complaint.

Police arrested the account holder and two of his accomplices. Search is on for two others accused in the case, they said.


First Published: Tuesday, February 01, 2011, 10:47

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