Cops to return ATM fraud fund to ICICI

Coming to the rescue of 39 victims of ATM frauds, the sessions court has allowed the plea of ICICI Bank to claim over Rs9.51 lakhs recovered by VB Nagar police station from three Romanian nationals involved in such frauds.

- Charul Shah Joshi

The bank's plea was earlier rejected by the magistrate court for want of proof.

The sessions court, however, said that the magistrate's order was erroneous.

The sessions court was hearing the plea filed by ICICI Bank, challenging the order passed by the metropolitan magistrate court, Kurla, rejecting the bank's plea for withdrawal of the funds recovered from the accused.

The bank had approached the magistrate after the police issued a notice to the bank.

It was claimed that VB Nagar police had arrested three Romanian nationals and found them involved in around 497 cases related to ATM theft or card frauds.

The police had recovered Rs28.54 lakh from the accused.