Posted: Date Posted – 8:33 PM, Fri – Mar 11, 22
Jagtial: Misappropriation of funds to the tune of approximately Rs 1.15 crore has been detected at Union Bank of India branch in Chalgal, where bank staff allegedly withdrew the money by creating fake bank accounts.
Although the scam took place some time ago, it came to light when the branch manager recently filed a complaint with the police.
According to the police, Suman, who previously worked as a branch manager, with the help of Registrar Rajesh opened about 40-60 bank accounts in the name of some women, farmers and women’s self-help groups without their notice and withdrew 1 Rs.15 crore under the guise of granting them loans. Later they were transferred to other branches.
The new branch manager of Mothilal, who took office recently, discovered irregularities in the bank’s transactions. In addition to alerting senior officials, he filed a complaint with the police.
Bank officials suspended former manager Suman and employee Rajesh. The police registered a case and opened an investigation.
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