Team Goemkarponn
PANAJI: The Economic Offences Cell (EOC) of Goa Police has apprehended an accused who had been absconding for nearly eight years in connection with a multi-crore cheating and fraud case linked to the Sahara India office at Vasco.
The accused, identified as Raghuveer Yamavaram alias Sharma, was arrested by a team led by PI Razashad A. Shaikh, along with HC Rafik Magod and PC Deeptesh Parab. He had been evading arrest since the registration of the offence in 2018 involving alleged misappropriation of ₹6,69,66,077.
The case was registered on February 17, 2018, following a complaint by A.K. Tripathi, then Zonal Chief of Sahara India. The complaint alleged that Raghuveer Yamavaram, who was working as Branch Manager, along with cashier K.Y. Sharif and field worker Md. Zaki Khan, conspired to misappropriate company funds while posted at the Sahara India office located at Khalap Mansion, Vasco-da-Gama.
Police said the accused allegedly falsified account books, made forged entries in day books and records, and processed fraudulent maturity payments to hundreds of accounts. Investigations revealed that false maturity payments were shown for 273 accounts, many of which were purportedly opened without actual deposits under different Sahara schemes.
The accused also allegedly raised secured loan advisories using forged applications relating to 44 accounts of 26 account holders and withdrew company funds. Further, forged signatures and fabricated entries were reportedly used to siphon off additional amounts. The total misappropriated sum in the case has been pegged at ₹6,69,66,077.
An offence has been registered at the Economic Offences Cell Police Station under Sections 409, 420, 465, 467, 468, 471 and 120-B of the IPC. Further investigation in the case is in progress.
