CBI books six bank officials for fraud
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The Central Bureau of Investigation has booked six officials of the Indian Overseas Bank and others for allegedly misappropriating funds from financial savings accounts. The company carried out searches on the premises of the accused on Friday.
Among these named as accused within the case are the then regional useful resource supervisor, Heli Veepuri, assistant managers V. Suresh, D. Narasimha Murali and K. Sireesha, apart from clerks M. Adinarayana and M. Praveen Syam.
The secretary of the Arogya Bhadratha was sustaining financial savings accounts with the Mangalagiri department of the Indian Overseas Bank in Guntur. They had 4 deposits of ₹90 lakh every and one other account had over ₹68,84 lakh. It is alleged that the bank officials, as a part of the conspiracy, closed 4 deposit accounts with none request from the account holders.
The proceeds within the 4 accounts and one other one within the identify of the Arogya Bhadratha secretary have been withdrawn in money partially on numerous dates and transferred to unrelated accounts after routing the funds by means of numerous bank’s workplace accounts and third celebration accounts.
“Thus, the accused have misappropriated funds and caused loss to the Indian Overseas Bank to the tune of around ₹456.55 lakh … searches have been conducted on their premises in Andhra Pradesh and Tamil Nadu,” mentioned an official.
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