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Fraudster impersonates as RBI official for cheating Rs 2.35 crore; arrested

The accused Bijay Bharadwaj was arrested from Etah in Uttar Pradesh on 9 November and was later brought to Bhubaneswar on the strength of five days transit remand, said officials on Friday.

Statesman News Service | Bhubaneswar |

A fraudster, who impersonated as official of union finance ministry, Reserve Bank of India besides income tax and IRDA to dupe a man to the tune of Rs 2.35 crore on the pretext of providing higher matured value against his insurance policy, has been taken in custody by the Economic Offences Wing (EOW) of Odisha police.

The accused Bijay Bharadwaj was arrested from Etah in Uttar Pradesh on 9 November and was later brought to Bhubaneswar on the strength of five days transit remand, said officials on Friday.

The EOW cracked the fraud case after a complaint was filed by Pramod Kumar Rout, a native of Joda in Keonjhar district. He had deceived the complainant by impersonating high level officials of Govt. of India, Finance Dept., Insurance Regulatory and Development Authority (IRDA), RBI and Income Tax.

The man was taken in for a ride by the glib-talking man, who convinced him by forged documents to pay Rs.3 cores from the Govt. of India, under Pradhan Mantri Rahat Kosh Yojona against his Insurance Policy with Max New York Life.

Complainant also received many letters on whatsapp purportedly issued by Ministry of Finance, RBI, Income Tax Department, and images of two bank Demand Drafts in favour of complainant amounting to Rs.1,27,73,000 and Rs.70,81,800

All these letters and documents were found to be fake and forged. During investigation it was found that Bharadwaj had cheated the complainant by impersonating them as high level officials of Govt. of India, Finance Dept., IRDA, RBI and Income Tax, added the EOW officials.