An attempt to defraud through fake bank guarantee’s-modus operandi
Today, RBI, DNBS department, has released a Notification on an ‘Attempt to defraud using fake bank guarantee-modus operandi’
The RBI Notification no is RBI/2011-12/206,DNBS(PD).CC. No.245 /03.10.42 /2011-12 dt.September 27 , 2011 and is addressed to All Non Banking Financial Companies / Residuary Non Banking Companies
The modus operandi in brief
01) The Bank Guarantees were fake.
02) The signatures of the bank officials appearing on the BG were forged.
03) The format of the BG’s were different from the Banks BG format, which had purported to have been issued.
04) The BG serial numbers, too did not match with that the Bank’s, which had purported to have been issued.
The names of the beneficiaries /representative of beneficiaries and applicants of the BGs are as follows:
M/s SFT Exports
Sumsh Infrastructure Pvt Ltd
M/s Tulip and Co
Alka Hotel Pvt Ltd
Mr Shukum Patel
Shri Shantanu Das
Shri Subhendu Chowdhury
Sri Akash Mitra
M/s Green Apple Infracom Pvt Ltd
J P Enterprise
NBFCs have been advised to take notice of the above facts and to exercise due caution while handling cases involving the above mentioned firms/individuals involved in the instant case.