A hundred TCs sent by the American Express to Jagtarsingh Sethi, a foreign exchange dealer, by registered post in early July were found to have been removed in transit. When Sethi received the package, he found that 80 TCs of Rs 5.4 lakh were missing and had been replaced with magazines. He immediately reported the theft to the police and the American Express authorities at Delhi who alerted other cities.

On July 31, the Mumbai police arrested a Mohsan Abbas Salehi trying to encash one of the stolen TCs at a nationalised bank. The police were alerted by the bank authorities, who found the TC to be one of the blacklisted ones.

A search of Mohsan's hotel room revealed seven American Express TCs worth Rs 78,800 which were a part of the stolen consignment. He was then brought to Nagpur to help the local police investigatethe theft. Mohshan was produced before a local court which has remanded him to police custody till August 13. Police believe that Mohshan hails from Delhi and are interrogating him to find out if he has links with the gang already arrested for the Canara Bank case.

Local police, interested in unravelling the wider ramifications of the Canara Bank case, have already sought help from the Central Bureau of Investigation and the Intelligence Bureau.