Bank fraud kingpin wanted in Delhi arrested

Burdwan (WB), Mar 17 (PTI) The CBI has arrested here the kingpin of a gang involved in fradulant withdrawal of money from different branches of the State Bank of India (SBI) in New Delhi. Amit Kumar Sharma (42) was arrested from his residence at the rail colony in the town last night on the charge of running a racket that fraudulantly withdrew about Rs nine crore from SBI branches in New Delhi a few months ago, CBI Investigating Officer Rajendra Prasad said. The gang members used fake PAN cards and Income Tax Returns to open different bank accounts under fictitous names to get undue IT refund, Prasad said adding that Sharma was an employee of a private bank in the national capital. Some SBI employees were also involved in the crime, he said. The CBI was granted transit remand of Sharma by the Chief Judicial Magistrate Yasmin Ahmed today.