Mumbai : The Central Bureau of Investigation (CBI) has nabbed three people for duping the State Bank of India to the tune of Rs.10 crore by furnishing forged documents against letters of credit (LCs), an official said Monday.
The case was registered following a complaint from the SBI, D.N. Road Branch in south Mumbai, that the three furnished forged LCs purportedly issued by the Punjab National Bank, Solapur branch.
The accused also arranged for bogus confirmation of these LCs, and believing them, the SBI discounted the forged bills produced by them against the LCs, the official said.
The CBI suspects that the accused have furnished similar forged LCs and documents to other banks and could have either cheated them or made attempts to cheat them.
The accused who have been remanded to judicial custody are: Anoop Roy, Director, M/s Krishna Corporate Services Pvt Ltd, Akhilesh Pandey, proprietor of M/s Meroo Polymers and Satish Pujari, Director M/s Micro Bit Associates Pvt Ltd, all in Mumbai.
Investigations are on in the matter, the official said.