Thursday, May 1, 2014

Bank Officers Swindles Rs.40 lac

Bank employee swindles Rs 40 lakh
-Times of India 02.05.2014
COIMBATORE: The officials of Bank of Baroda (BOB) from Selakarichal village near Sulur in Coimbatore district lodged a petition with the district superintendent of police M Sudhakar that one of their bank staff misappropriated lakhs of rupees from fixed depositors. The officials requested the police to take action against the staff who has gone into hiding now. 

The petition was forwarded to the district crime branch by SP Sudhakar who ordered a detailed investigation on the petitions filed. Police officials confirmed that over 40 lakh rupees were misappropriated by the staff in the BOB. 

The villagers had opened fixed deposit accounts, depositing lakh of rupees in the accounts. One staff member used to receive the deposits in cash. If a depositor handed over Rs 2.50lakh to the employee, he would pocket Rs2lakh and mention only Rs50,000 in the deposit slip and later get the signature from the branch manager. However, the copy of the deposit slip given to the depositor would show the actual amount. 

Since it was a fixed deposit, the depositor rarely checked his account. A few weeks ago, the accused employee went on leave. During this time, one depositor realized that his account did not reflect the total money he had deposited which was Rs1lakh. Later, he approached the bank manager who immediately conducted a probe and came to know that at least Rs40lakh had been misappropriated by the staff. 

Following the incident, the bank administration approached the police who requested the bank to submit more documents in connection with the case. Meanwhile the police came to know that the bank staff is absconding. Police sources said that as soon as they get more details on the fraud, they would register a case against the bank employee.

FOUR YEARS RIGOROUS IMPRISONMENT WITH FINE OF Rs. FOUR LAKHS TO THEN SENIOR MANAGER OF UNION BANK OF INDIA FOR MISAPPROPRIATION OF Rs. 7.33 LAKHS

Press Release
New Delhi , 02.05.2014
            The Special Judge for CBI cases, Indore has convicted Shri Anil Yadav, then Senior Manager, Service Branch, Union Bank of India, Indore & his son Sh. Vikram Singh (Private person) for misappropriation of Rs.7.33 Lakhs (approx). Shri Anil Yadav was sentenced to undergo four years Rigorous Imprisonment with fine of Rs.4 Lakhs while his son to undergo one year Rigorous Imprisonment with fine of Rs. 50,000/-.

            CBI had registered a case on 17/03/2010 against Shri Anil Yadav, then Senior Manager, Service Branch, Union Bank of India, Indore and unknown officers U/s 120-B, 409, 477-A of IPC & Section 13(2) r/w 13(1)(c) & (d) of PC Act, 1988 on the basis of complaint filed by Chief Vigilance Officer, Union Bank of India, Central Office, Union Bank Bhawan, Mumbai on the allegations that Shri Anil Yadav fraudulently facilitated one courier agency M/s. Fast Flight Couriers which was run by his son Shri Vikram Singh. The said courier agency had been hired for collecting and delivering inward & outward clearing cheques from local branches of Union Bank of India at Indore. The competent Authority had approved payment of Rs. 23,000/- per month to the said courier agency, whereas Shri Anil Yadav had made payments ranging from Rs.42,000/- to Rs.72,500/ per month. By this way, Shri Anil Yadav caused undue pecuniary advantage to M/s. Fast Flight Couriers (a Proprietorship run by his son) to the tune of Rs. 7.33 Lakhs(approx.).

            CBI filed a charge sheet U/s 120-B r/w 409, 420, 477-A of IPC & U/s. Sec. 13(2) r/w 13(1) (c) & (d) of PC Act. 1988 against Shri Anil Yadav and Shri Vikram Singh on 31/10/2011 in the Court of Special Judge for CBI Cases, Indore on the misappropriation of Rs.7.33 Lakhs.

            The Trial Court found both the accused guilty and convicted them.

CBI ARRESTS A BRANCH MANAGER OF PUNJAB NATIONAL BANK FOR ACCEPTING BRIBE OF Rs.1.50 LAKH

Press Release
New Delhi , 01.05.2014
            The Central Bureau of Investigation has arrested a Branch Manager, Punjab National Bank, Kochas Branch, District Rohtas (Bihar) for demanding & accepting a bribe of Rs.1.50 Lakh from the Complainant.

            A case was registered against Branch Manager, Punjab National Bank, Kochas Branch, Rohtas on the basis of complaint in which it was alleged that the Branch Manager demanded bribe of Rs.1,50,000/- for sanctioning loan of Rs.10 Lakhs under Prime Minister Employment Guarantee Scheme in favour of the complainant for pursuing his business.

            CBI laid a trap and the accused was caught red handed while demanding & accepting a bribe of Rs.1,50,000/- from the residence of the Complainant. The arrested accused is being produced today before the Designated Court.

CBI ARRESTS A SENIOR MANAGER OF PUNJAB NATIONAL BANK IN A BRIBERY CASE

Press Release
New Delhi , 29.04.2014
            The Central Bureau of Investigation has arrested Senior Manager, Punjab National Bank, Sangli Branch (Maharashtra) for demanding & accepting a bribe of Rs.10,000/- from the Complainant.

            A case was registered on a complaint alleging that the accused was demanding bribe of Rs.15,000/- from the Complainant to release the demand draft of Rs.1.5 lacs being the amount of loan sanctioned by the Bank to him under Suvarna Jayanti Rojgar Yojna. After negotiation, the Bank Manager agreed to accept Rs.10,000/- as bribe. CBI laid a trap and the accused was arrested while demanding & accepting the bribe from the Complainant. Searches were conducted at the residence of accused at Sangli and Pune.

            The arrested accused was produced today in the Special Court at Sangli and was remanded to Police Custody upto 30.04.2014.

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