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A senior employee of South Indian Bank’s Noida branch has been booked for allegedly siphoning off over Rs 28 crore and transferring it to the accounts of his family members, said police.
The complainant, Renjith R Nair (45), Deputy General Manager and Regional Head of the South Indian Bank Ltd, a scheduled commercial bank, alleged that the accused and his family might have fled the country. Police said they have formed a team to investigate the matter and arrest the accused as soon as possible.
Said the complainant, “On 3.12.2023, the bank’s Chief of Internal Vigilance Department… received an email from (the accused) stating that certain persons associated with one of the customers are threatening him to do certain illegal transactions and since he objected to it, he is facing threats to his life… He made a prayer for registration of crime against… a firm (a customer), while alleging its directors are involved in hawala transactions.”
He further said, “The bank also received a complaint from (the firm), which said (the accused) had fraudulently and unauthorisedly withdrawn Rs 28.07 crore from the account of said company without the knowledge/authority of the directors.”
The bank stated in its complaint that a preliminary inquiry was conducted in which it was found that the accused siphoned the money by opening savings and fixed deposit accounts.
“It is now revealed that (the accused), with a dishonest intention and abusing his official powers, had done various unauthorised and fraudulent transactions either for the benefit of himself and/or for benefit of certain persons/entities. We are yet to ascertain the end beneficiary of this fraudulent transaction…,” said the complainant.
The bank claimed from the transactions, it appears his wife and mother are also involved in the offence.
“(The accused) is placed under suspension… He is absconding and not cooperating with the internal investigation. It is suspected he has already left the country. Therefore, immediate action in coordination with passport/immigration authorities is required. Unless the accused is prevented from going abroad, serious prejudice will be caused to investigation and the nation at large,” said Nair in his complaint.
The bank also said there are chances he will park the proceeds of crime abroad.
DCP (Noida) Harish Chander said, “A few days back, some officials of the South Indian Bank lodged a complaint stating that one of their employees had transferred more than Rs 25 crore from the bank to the accounts of his family members. A preliminary investigation was conducted and an FIR registered. Apart from his family, money has also gone to other accounts. Investigation is going on, the accused will be arrested.”
The FIR under IPC sections 420 (cheating), 409 (criminal breach of trust by public servant, or by banker, merchant or agent), 468 and 471 (both related to forgery) has been registered against the accused, his wife, his mother and unknown persons.
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