Friday, August 29, 2014

Bank FD scam gets bigger, 9 FIRs filed

.........Elaborating on the modus operandi, police said the accused approached the trusts and individuals to open FDs with public-sector banks using middlemen. In return, these entities were given a slightly higher rate of interest. Once the FD was opened, the accused gave fake receipts to the entities and used the original ones to open accounts with forged documents.....

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