On October 14, Canara Bank officials had lodged a police complaint in Kolkata saying they detected online transactions in two accounts in their Nardendrapur branch that were opened in the name of firms on the basis of fictitious documents

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New Delhi, October 19

The Kolkata Police probing the online fraud of Rs 8.15 crore conducted multiple raids in the city suspecting further increase in the cash haul. 

The police while raiding residence businessman and CA identified as Shailesh Pandey in 35 Aprakash Mukherjee Lane of Shibpur’s Kaipukur area seized cash to the tune of Rs 5.95 crores. 

The police also recovered some jewellery, two laptops, a tablet and bank documents have been seized from two places in the last two days.

A look-out circular (LOC) has been issued against Shailesh, a businessman and chartered accountant, and his brothers Arvind Pandey and Rohit Pandey, police said.

The Kolkata Police during the first raid on October 16 recovered more than Rs 2 crores in cash apart from jewellery from a car parked outside Shailesh’s apartment, which belonged to his brother, Arvind Pandey.

The police investigation showed that Shailesh used fake documents to open fake accounts in the names of different people, it was found in an attempt to turn black money into white.

On October 14, Canara Bank officials had lodged a police complaint in Kolkata saying they detected online transactions in two accounts in their Nardendrapur branch that were opened in the name of firms on the basis of fictitious documents.

The police have frozen two accounts with a balance of Rs 20 crores stating that more recoveries are underway.