Class IX dropout cheats bank of Rs 5.95 crore

The city economic offences wing (EOW) arrested a class-IX dropout for cheating a bank of over Rs 5.59 crore. The accused, Yogesh Darji, and his accomplice opened an account in the name of the debt recovery tribunal (DRT), asked them to buy properties at lower prices through DRT auction and took demand drafts from them. The DDs were then deposited in a bank in the fake DRT account and later encahshed.

Darji, 30, a Dahisar resident, is in police custody and the cops are looking for his accomplice, Nilesh Prajapati, a garment dealer. Police inspector Srikant Rajaram-Patil said that Shrinivas Dhure, general manager of Satar cooperative bank, lodged an FIR. In his complaint, Dhurve said that a fake account in the name of DR was opened in their Kandivili branch and used for siphoning off money.