Published On : Mon, Aug 28th, 2017

Yuvraj Thakre, one of four accused arrested in Axis Bank forgery scam, granted bail

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Nagpur: Yuvraj Thakre, one of the four accused arrested in Axis Bank forgery scam, was on Monday granted bail by JMFC Court No.2 Judge B D Tare.

The other three accused who were arrested are Anil Verma, Manager at Civil Lines-based Axis Bank Branch, Samir Joshi, Manager, Wallstreet Forex Ltd, Ramdaspeth, and Om Divan.

The allegations against Yuvraj Thakre were that he, in connivance with other three accused, had prepared false documents of the complainant Harvindersingh Wadhavan of Chandrapur and issued a fake travelling currency card in the name of the complainant and for issuing the same accused and others had misused the copy of the passport of the complainant. Therefore it is alleged that he had cheated the complainant by way of fraud and forgery.

The counsels for the accused, Adv. Dipen Jagyasi and Adv Hitesh Khandwani, brought to the notice of court that the accused is falsely implicated in the present matter and there is no role and connection of the accused in the present crime. The accused had already cooperated with the investigation and now there is no purpose in detaining him behind bars which will amount to pre-trial punishment , which is not permissible in law. Therefore accused should be released since no incriminating material is seized from him while in Police Custody Remand. He is falsely implicated in the present crime.


After considering aforesaid facts the JMFC Court allowed bail application of the accused Yuvraj Thakre and ordered his release on bail on PR Bond of Rs.15,000 with cash surety of equivalent amount.

Adv Dipen Jagyasi and Adv Hitesh Khandwani appeared for the accused Yuvraj Thakre.

It may be recalled that Sitabuldi police had booked four persons including Branch Manager of Axis Bank on the charges of forging signature of a Chandrapur man and preparing his bogus travel currency card and visa. The accused misused the bogus documents for their personal gains and thus cheated the man. The complainant Harvindersingh Bajrajsingh Wadhavan (28), native of Plot No. 19, 20 Arvind Nagar, Chandrapur, had told Sitabuldi police that the four accused named Anil Verma, Manager at Civil Lines-based Axis Bank Branch, Samir Joshi, Manager, Wallstreet Forex Ltd, Ramdaspeth, Om Divan and Yuvraj Thakre connived with each other and forged documents with the fake signature of Harvindersingh. With the help of the forged documents, the accused prepared bogus travel currency card and visa of Harvendersingh and misused the documents for their personal gains.

Sitabuldi police had booked the four accused under Sections 465, 471, 468, 34 of the IPC.