The Economic Offences Wing (EOW) of Delhi Police has arrested a proclaimed offender who had been absconding in connection with a multi-crore cheque forgery and cheating case involving Allahabad Bank and funds belonging to Amity University.The accused, identified as Sudama Narware (58), a resident of Betul district in Madhya Pradesh, was arrested in connection with a case registered under Sections 420, 467, 468, 471 and 120B of the IPC.
According to police, Narware had been evading arrest despite repeated raids and had been declared a proclaimed person by the court.
The case was registered on a complaint filed by the Assistant General Manager of Allahabad Bank's Sansad Marg branch in New Delhi regarding the fraudulent withdrawal of Rs 6.25 crore from Amity University's bank account.
The police said in August 2019, three cheques purportedly issued by Amity University were presented for clearance. Two cheques were successfully cleared through ICICI Bank, resulting in the transfer of Rs 5.2 crore to two separate accounts - one in Vadodara, Gujarat and another in Betul, Madhya Pradesh. A third cheque presented through IndusInd Bank was stopped before payment could be processed.
During the investigation, EOW officials examined account statements and traced the flow of funds. One cheque amounting to Rs 2.5 crore was credited to the account of NS Infrastructure in Vadodara, while another cheque worth Rs 2.7 crore was deposited in the account of an NGO based in Betul. Investigators found that Rs 2.07 crore was subsequently transferred from the NGO's account to another firm in Vadodara. The police further alleged that Rs 4.16 crore of the defrauded amount was routed to five shell firms in Delhi.
Narware served as the secretary and authorised signatory of Maa Tapti Manav Seva Sansthan, an NGO located in Betul district. According to investigators, a forged cheque worth ₹2.70 crore was deposited into the NGO's account, following which Narware allegedly transferred ₹2.07 crore to the account of another accused person.
The police said the accused used forged cheques to siphon funds from the victim's account and then diverted the money through multiple shell companies. Part of the amount was allegedly withdrawn in cash, while the remaining funds were transferred through various accounts to conceal the money trail.
A dedicated EOW team conducted the operation to trace and arrest the absconding accused.
According to the EOW, three accused had already been arrested in the case, while efforts were underway to apprehend the remaining suspects.