📷 Image: Wikimedia Commons / Raimond Spekking
Crime
Three more arrested in Rs 1.14 crore fraud at Bank of Maharashtra’s Morakha branch, Baitul
✍️ Amar Ujala · Madhya Pradesh
🗓 27 Oct 2026, 09:01 AM
👁 56
Police in Baitul have detained three additional suspects after uncovering a Rs 1.14 crore fraud that used a minor to transfer funds into five accounts at the Bank of Maharashtra’s Morakha branch.
Police in Baitul, Madhya Pradesh, announced the arrest of three more individuals linked to a Rs 1.14 crore fraud at the Bank of Maharashtra's Morakha branch. The investigation, launched after irregular transactions were detected, has now expanded to include these newly detained suspects.
According to officials, a minor was used as a conduit to move large sums into five separate bank accounts, effectively masking the source of the money. The total amount transferred through these accounts reached approximately Rs 1.14 crore.
The three persons taken into custody are alleged to have coordinated the transfers, provided logistical support, and helped conceal the identities of the account holders. They remain in police custody for further interrogation.
Investigators are continuing to trace the remaining accounts and are preparing charges under relevant sections of the Indian Penal Code and the Prevention of Money‑Laundering Act. No injuries or other criminal activity were reported in connection with the case.
The incident highlights growing concerns about financial fraud schemes that exploit minors to evade detection, prompting authorities to tighten monitoring mechanisms across banks in the region.
According to officials, a minor was used as a conduit to move large sums into five separate bank accounts, effectively masking the source of the money. The total amount transferred through these accounts reached approximately Rs 1.14 crore.
The three persons taken into custody are alleged to have coordinated the transfers, provided logistical support, and helped conceal the identities of the account holders. They remain in police custody for further interrogation.
Investigators are continuing to trace the remaining accounts and are preparing charges under relevant sections of the Indian Penal Code and the Prevention of Money‑Laundering Act. No injuries or other criminal activity were reported in connection with the case.
The incident highlights growing concerns about financial fraud schemes that exploit minors to evade detection, prompting authorities to tighten monitoring mechanisms across banks in the region.