Case of the liability of Banks which the imposters used to open an account to syphon off the amounts from the PPF accounts maintained with the SBI – State Bank of India Vs. Pooja Alias Vidhya P. Dhanade and Ors. – DRAT Mumbai
In this case, the impersonators had opened the accounts with the Canara Bank and the Mogaveera Co-operative Bank under the assumed name of the PPF account holders and had submitted the banker’s cheques for collection in those banks. The SBI discounted those banker’s cheques and the amounts came into the fictitious accounts of the PPF account holders fraudulently opened by the imposters with the Canara Bank and Mogaveera Co-operative Bank. The impostors withdrew the amounts and allegedly issued cheques and demand drafts in favour of the other defendants who had in collusion with them fraudulently appropriated the amounts.
