Indian financial institutions

By | September 12, 2011

A recent press report said that two people were arrested in southeast Delhi for allegedly forging documents and cheating ICICI bank of over Rs 63 lakh. The accused were been identified as Girish Pathak and Jitender Singh, said cops.

According to reports the accused had faked the signature of the customer and placed a request for change of the mobile number registered with the bank for that account and also placed a request for issuance of a cheque book. Then the accused had collected the cheque book and used cheques to transfer the money in another account which was also a fake account.

The police report said that Pathak with the support of Jitender and another person had opened a current account in ICICI Bank. They had transferred the stolen amount into their accounts.

Reports said that the accused was arrested and that they have dishonestly forged the signature of a customer on the cheques and presented the cheques and transferred a huge amount to the tune of Rs 63, 40,000. They had caused wrongful loss to the customer and the bank.

ICICI Bank is renowned for the variety of loans that it offers to suit the requirements of its customers with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking. It offers home loan, personal loan, car loan, education loan, mortgage loan, business loans etc.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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