BOB Clerk Swindles Rs.45.lakh Of Depositors

Bank of Baroda clerk swindles depositors of over Rs 45 lakh-Times of India
COIMBATORE: The district crime branch (DCB) police registered a case against a woman clerk of Bank of Baroda (BOB) at Selakarichal village near Sulur on the outskirts of the city on Tuesday. Police said, the clerk misappropriated 45.32 lakh from 14 depositors from May 2009 to June 2013 and only last month did the bank officials find out about it. The clerk is on the run and sought anticipatory bail before the Madras high court.

The clerk has been identified as Kanjana. She used to deal mainly with the customers of the bank for fixed deposits and savings accounts.

V Murugan, regional manager of BOB, lodged a complaint with DCB inspector K Balamurugan few days ago. He said that Kanjana collected fixed deposits from 14 depositors on various dates between May 19, 2009 and June 19, 2013.

For example, if a depositor deposited 2.50 lakh, Kanjana credited 50,000 to the bank account and made the bank branch manager sign the fixed deposit receipt of only 50,000 and left sufficient space to write Rs 2 lakh later. Once she got the signature, she filled up the blank space and handed over the fixed deposit receipt of 2,50,000 to the account holder.

During the internal audit, the officials found 45.32 lakh were misappropriated by Kanjana. Based on the complaint, the DCB police registered a case against Kanjana under various Sections 409 (criminal breach of trust by public servant or by banker), 419 (punishment for cheating by personation), 477 (A) (falsification of accounts), 468 (forgery for purpose of cheating), 471 (using as genuine a forged document or electronic record) and 420 (cheating and dishonestly inducing delivery of property) of the Indian Penal Code. On being questioned she promised to return the money within 10 days. She was then transferred to Coimbatore main branch of the BOB but she did not return the money to the depositors and filed a petition before Madras high court for anticipatory bail.

Police said, the bank authorities have been verifying the fixed deposits documents in the Selakarichal branch. Police suspect that she cheated more depositors in the area.
Link Times of India