Arrested Recovery Agent Sumit Rokade Accused of Cheating Finance Company

Accident – Death – Obituary News : Thane: Authorities in Thane have apprehended a 37-year-old recovery agent from Dombivali on charges of defrauding a finance company of a substantial sum amounting to Rs 43,174. The Naupada police successfully carried out the arrest, shedding light on the fraudulent activities conducted by the accused.

The suspect, identified as Sumit Rokade, had been employed as a recovery agent at Manasvi Finance, responsible for collecting outstanding debts on behalf of various banks. However, it has come to light that Rokade devised a deceitful scheme, using his position to divert funds into his personal Paytm account.

Rajesh Thakre, the complainant, was the proprietor of Manasvi Finance, located in Kasarwadawali, Thane. Thakre revealed that Rokade had joined the company on October 7, 2023, but abruptly terminated his employment on October 18, 2023, subsequently going into hiding. Suspicions were raised when an employee named Yasmin contacted several customers regarding payment, only to discover that the funds had been handed over to Rokade instead. Furthermore, Rokade had allegedly threatened Thakre, claiming that he possessed sensitive data belonging to 6,500 customers, which he intended to sell.

Following the complaint lodged by Thakre, the Naupada police took swift action, apprehending Rokade and charging him under various sections of the Indian Penal Code (IPC), including Sections 408 (criminal breach of trust), 420 (cheating), 504 (intentional insult), and 506 (criminal intimidation). Rokade was subsequently presented before the Thane court, which ordered a two-day police custody.

This incident serves as a reminder for financial institutions to remain vigilant and implement robust internal control measures to detect and prevent fraudulent activities. The arrest of Rokade highlights the importance of conducting thorough background checks and monitoring the activities of employees entrusted with sensitive financial transactions.

The Naupada police’s swift action and successful arrest demonstrate their commitment to upholding the law and protecting the interests of businesses and individuals alike. By apprehending fraudsters and bringing them to justice, they serve as a deterrent to potential criminals and contribute to maintaining a safe and secure environment for the residents of Thane..