GCA fraud case: Goa Police summons DCB’s top ranking executive; Treasurer Akbar Mulla resigns
The Goa Cricket Association (GCA) multi-crore fraud took a new turn as The Economic Offences Cell (EOC) of the Goa police is now digging out more information on the role of officials of the bank in which the bank account was opened illegally in the name of GCA. A top ranking executive of Development Credit Bank (DCB) from Mumbai head office was summoned by EOC on Friday. Treasurer Akbar Mulla resigned on Friday.
The top executive of the DCB was summoned due to disparities in the procedure of bank operations. From opening of the bank account to withdrawal of money, there are a number of discrepancies that came to light during the probe and police wants clarification from the bank’s side according to the reports.
The police investigation has brough to light that a bank account was opened illegally in the DCB in the city in April 2007, only to deposit the Rs 2.87 crore cheque received from the Board of Control for Cricket in India (BCCI). The money was subsequently withdrawn in a period of one year through bearer cheques. However, barring one cheque, there were no full names and no signature of the receiver present on the back side of most of the cheques.
Around 49 transactions were done while removing the money. Rs 15 lakh is said to be the highest amount that has been withdrawn through a single transaction. A former bank manager’s statement has already been recorded before a magistrate under 164 CrPC in connection with the case. He confirmed that GCA president Chetan Desai, secretary Vinod Phadke and treasurer Akbar Mulla had their signatures on the form to open the illegal bank account in the name of GCA reports.
Treasurer Akbar Mulla resigned after the allegations on him. “In view of the misappropriation charges levelled against me, proper investigations are needed and I feel that morally I should not be in a position of power while investigations are going on,” Mulla said in his letter to the GCA president dated July 6, 2016. He presented before media photo-copies of documents, including bank account details and personal ID proofs, that were used while opening the account to show his innocence.