In connection with a fraud involving bogus bank accounts worth Rs40 lakh the Kalupur police on arrested the account manager of the bank.
For the purpose of trading in the stock market, sources said the bogus accounts were opened. It was to facilitate illegal transaction.
HM Goswami, a sub-inspector with Kathlal police station lodged a complaint that his brother’s account was showing inflated amount, which was later withdrawn. Receiving an account statement from Siddhi Cooperative Bank Ltd, Kalupur, they got to know of this.