Police busted two separate fraud cases, total fraud of Rs 44 lakh

Panjim: Mumbai resident Rahul Rajbhar and Punjab-based bank employee Hind Deep Walia have been booked by the police for allegedly defrauding innocent victims of Rs 44 lakh.

Rahul Rajbhar was booked by Panaji Police for defrauding a mother-son duo of Tonka, Caranzalem, to the tune of Rs 9 lakh. Working under the guise of an investment guru, Rajbhar allegedly lured victims by promising high returns on their investments. Without thinking, the couple handed over the entire amount, only to later realize that they had become victims of a fraud scheme.

In another case, 33-year-old staff member of a nationalized bank, Hind Deep Walia, is accused of embezzlement of Rs 35 lakh. Walia, who was entrusted with the responsibility of depositing cash in ATMs, is accused of misappropriating a significant amount for personal gain.
Agasim police have initiated legal proceedings against Walia, highlighting the breach of trust within the banking system. This case highlights the vulnerabilities within financial institutions and emphasizes the need for tight internal controls to prevent such incidents.