Manoj Jain duped his father Shreepal Jain of Rs. 8 crore while the latter was hospitalized.
80 year old Shreepal was admitted in Kokilaben Dhirubhai Ambani Hospital when Manoj forged his signature and applied for a new delivery instruction book for their joint demat account.
On receiving the new book, Manoj immediately transferred shares amounting to over Rs. 8 crore into his personal account. Manoj had used a part of the amount to purchase 6 kg of gold.
Shreepal realized something was amiss when he couldn’t clear the hospital bill from his joint account. Upon checking with the bank, Shreepal was made aware of the new account and the transfer of shares.
To keep matters within the family, Shreepal first asked Manoj to return the entire amount. Manoj, however, was only able to pay back Rs. 6 crores. When repeated attempts of recovering the remaining amount failed, Shreepal approached the Economic Offences Wing (EOW).
Manoj is currently in Police custody.Back to latest news