Bank fraudster dupes banks off Rs 35 crore

New Delhi, Jun 26: The Corporate Finance Director of a firm has been arrested from Hauz Khas area of South Delhi for allegedly duping a bank of Rs five crores.

A qualified Chartered Accountant Parveen Juneja (40), who was the Corporate Finance Director of M/S Shamkeen Spinners Ltd, was caught by the Special Investigation Team on the complaint of the Jammu and Kashmir Bank of having been duped of Rs five crore, according to Addtional Deputy Commissioner (Economic Offences wing) K K Vyas.

''Investigations revealed that Juneja had duped other banks also to the tune of 35 crores.'' The accused had requested a loan from the J K Bank to purchase machinery through a fictitious purchaser and transferred the money into his account.

''A BCom (Hons) from Delhi University, Juneja used the loopholes in the banking system to further his fraud plans.'' He owns a chain of restaurants in various parts of the company, My Vyas added.

UNI