Fake Rs 55 crore cheque deposited at bank in Somajiguda

A man allegedly attempted to fraudulently deposit a fake cheque worth Rs 55 crore in his bank account at Somajiguda in Punjagutta.

The fraud came to light after bank officials found that the signatures on the cheque, purportedly issued by Micro Labs Ltd., did not match the authorised specimen.

On verification, the company’s Legal Associate Vice-President, Ashok Kumar, informed the



bank that no such cheque had been issued and subsequently lodged a complaint with the Punjagutta police.

During the investigation, police found that the suspect, Jagat Singh, a native of Uttar Pradesh, had allegedly obtained cancelled cheque leaves belonging to the company and forged signatures in an attempt to credit the money into his account.

A case was booked and being investigated.