Key accused in ₹8 crore Canara Bank fraud lands in police custody
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The accused, an ex-navy official who labored as a clerk in Canara Bank in Pathanamthitta, Kerala, allegedly used system passwords for the rip-off
After a search operation lasting over three months, the important thing accused in the ₹8 crore financial institution rip-off in Pathanamthitta in Kerala has lastly landed in police custody.
Official sources mentioned the accused, recognized as Vijeesh Varghese (36) of Avaneeswaram in Pathanamapuram, was nabbed from a hideout in Bengaluru. The police staff, which nabbed the accused, is anticipated to deliver him again to Pathanamthittta by Monday afternoon.
He had gone into hiding alongside together with his members of the family even because the fraud got here to gentle in February this 12 months.
The accused, an ex-navy official who had labored as a clerk in Branch 2 of Canara Bank in Pathanamthitta, allegedly used the system passwords to shut the fastened deposit accounts of some clients and switch the quantity to the accounts of his spouse and different kinfolk. The case adopted a grievance lodged by the financial institution administration on February 14.
By the time the fraud got here to gentle, the accused had already escaped together with his spouse and two youngsters, and the police later traced his automotive to an residence complicated in Kochi metropolis.
Trust gained
Preliminary investigations revealed that the accused, together with his nice manner and environment friendly efficiency, simply gained the belief of his fellow workers and the shoppers.
“No one had any doubts about him till he closed the FD account of a customer, who happened to be the wife of one of his fellow employees in another branch, on February 11. As soon as the fraud came to notice, the employee concerned alerted the senior officials and a follow-up examination brought the fraud to light,” mentioned an official.
Based on the discovering, 5 workers of the financial institution, together with the department supervisor, have been instantly positioned below suspension. The investigation, nonetheless, is but to verify the involvement of every other particular person in the fraud apart from that of Mr. Varghese.
The police had taken steps to freeze the financial institution accounts of the accused and his kinfolk. An in depth investigation later revealed that the accused swindled a complete of ₹8.13 crore in 191 transactions over a interval of 14 months.
The probe is now slated to be handed over to the Crime Branch unit.
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