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Gang running “post office operations” defraud investors of ₹4 cr

by TLAteam January 23, 2024January 23, 2024
written by TLAteam January 23, 2024January 23, 2024
Gang running “post office operations” defraud investors of ₹4 cr

A gang run by an Ahmedabad family was busted for scamming many innocents to the tune of ₹4 cr in Ahmedabad.

Business News

The gang employed as postal service agents has been accused of withdrawing huge amounts from the accounts by forging the signatures of the beneficiaries.

As per the complaint Hemant Hukmani and his family had invested around ₹27 lakh through the family of Tejas Shah, his wife Gira, their son Malav, and Darshna Bhatt, who were employed at the Shastrinagar post office since 2018.

Although Tejas maintained a passbook over the entries of the deposits made, six months ago, Hemant learned that a large-scale fraud was being carried out at the post office.

Upon inquiring, it was found that the post office passbook and the entries made by Tejas were fake and intended to mislead the account holders.

It was also found that the accused forged the investors’ signatures and withdrew lakhs over time. They then deposited the fraudulent money into their other accounts.

It was found that they syphoned off a total of ₹4 cr from several investors through this modus operandi.

Following this, the economic wing launched a probe, and the accused were arrested.

Talking over the arrests, a crime branch police officer said, “After the arrest of the accused, other crimes will also be registered and action will be taken. Primary investigation suggests that the number of frauds may increase further.“

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