The Anti-Corruption Commission (ACC) of Bhutan has found out that the main suspect of Phuentshogling ATM fraud, Sanjeev Kumar Gupta, had withdrawn Rs 64 M from 190 Druk PNB ATM cards as of now.
The former businessman from Indian town, Jaigoan, allegedly deposits Bhutanese currency in the bank accounts of the Bhutanese nationals with whom he has an understanding. The understanding was he pays these Druk PNB ATM cardholders 5 percent of the interest rate.
He then withdraws the money from PNB ATMs across the border to sell them to Indian businessmen with an interest rate of 8 percent.
ACC’s record shows Sanjeev Kumar possessed about 288 Bhutanese ATM cards. However, he maintains he has about 166 even though his transactions, as of now, reveal he had used 190 ATMs.
Sanjeev Kumar is still under detention.
ACC is also investigating a similar racket involving a Bhutanese and an Indian national. ACC had detained and interrogated the Bhutanese man, who is a corporate employee. He was released yesterday.
