Mumbai: Mumbai Police have registered a case after nearly ₹29.83 lakh was allegedly withdrawn from the bank account of a deceased woman using forged documents at an Axis Bank branch on Tardeo Road.

The alleged fraud came to light after the bank detected suspicious transactions from the account of Vimla Patil, a deceased customer. Police have booked three people in connection with the case and are investigating the alleged financial irregularities.

Forged Signature Used to Transfer Money

According to police officials, a Customer Request Form (CRF) containing forged signatures in the name of the deceased woman was allegedly submitted to the bank.

Following the submission of the document, money from the savings account was transferred through multiple channels, including NEFT, UPI and IMPS transactions, to different bank accounts.

Police said the total amount allegedly transferred from the account was ₹29,83,200.

Three People Booked, Investigation Underway

After detecting the suspected fraud, officials of Axis Bank approached the police, following which the Tardeo Police Station registered a case against Rahul Panjwani, Abhishek Verma and Ram Pal under charges related to cheating and other relevant sections of law.

A Mumbai Police official said the investigation is underway and authorities are examining the role of each accused in the alleged fraudulent transactions.

Police Probe Banking Process and Money Trail

Investigators are examining how the forged Customer Request Form was accepted and processed by the bank and whether any other individuals were involved in the alleged fraud.

Police are also tracing the movement of funds transferred through NEFT, UPI and IMPS to identify the final beneficiaries.

The probe will also look into whether the accused used a similar method to target accounts belonging to other deceased customers.

Officials said documentary evidence, banking records and technical details are being collected as part of the investigation. Further action will be taken after the completion of the probe.