Chandigarh:The Chandigarh Police have busted a banker for his alleged involvement in getting the money exchanged to the owner of Mahajan cloth house who was held by Enforcement Directorate (ED) on Wednesday.
According to police, the accused banker has been identified as Bhupinder Singh Gill, a resident of Sector 37 who is employed with HDFC bank at Mohali branch.
Ramgopal, DSP Central Chandigarh Police said “We have arrested a bank official of HDFC bank who involvement has been found in getting the money exchanged to Inderpal Mahajan.
The accused works in the share trading and investment department of the bank and hold the position of cluster head of Haryana and Uttrakhand state, said DSP.
The preliminary investigation revealed that the accused bank official, Bhupinder was getting the money exchanged on 25-30 percent commission, added the DSP.
The accused was produced in the local court on Friday where he was sent to two days police remand, said the DSP.
A case under relevant sections of the IPC has been registered against Bhupinder Singh at Police Station Sector 17, Chandigarh.
Police sources said that the during the remand, the Police team will try to get details from him how many times he got the money exchanged to Mahajan and if had exchanged the money similarly to other people in City as well.
The sleuths of Enforcement Directorate have arrested a city based cloth trader, Inderpal Mahajan for allegedly procuring unaccounted cash amount here at his residence at Sector 22, Chandigarh. The ED sleuths have seized Rs 2.19 crore following a raid from the residence of the accused on December 14.
A total cash of Rs 2,19,35,500 has been seized from Inderpal Mahajan by the team of ED at around 1 am and Rs 1.50 crore was in demonetised currency while Rs 69,35,500 was in new currency during the
A case has been registered against Mahajan under section 409 (criminal breach of trust by public servant, or by banker, merchant or agent), 420 (cheating) and 120 B (conspiracy) of IPC and section 7 and 13 of the Prevention of Corruption Act, said the DSP UT Police, Ramgopal.
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