Fraud in SBI: NRIs become panicky, may close accounts
Fraud In SBI: NRIs Become Panicky, May Close Accounts, State Bank of India, Financial Fraud. ollowing the unearthing of a major financial fraud of...
- Manager accused of protecting errant staff
- Depositors want bank to conduct probe, restore money
- Accountant Prameela names manager and cashier
Rajampet(Kadapa): Following the unearthing of a major financial fraud of over Rs.1.3 crore in the State Bank of India, here, which stands second in the State in mobilization of deposits, 100 Non-Resident Indians (NRIs) from the Gulf and their families, who have accounts in the branch are planning to close their accounts. The branch has deposits of Rs.1,000 crore.
The fraud took place after huge amounts were transferred from NRI accounts and other deposits utilizing the passwords of the negligent bank staff. Branch manager Rajasekhar Gupta suspects the involvement of the staff in the alleged scam, in collusion with outsiders. He said on Saturday that although no police complaint has been lodged, an on-line inquiry into the episode was on.
However, he is being accused of trying to save the errant staff, including Noor Amhed Khan, the generator boy, into whose account and those of his family members lakhs of NRI deposits have been fraudulently transferred, allege the depositors.
In a twist to the case, branch accountant Prameela told The Hans India that the bank manager and cashier Hariprasad, besides other staff, were involved in the fraud. She alleged that Noor Ahmed Khan had managed to secure her password and transferred amounts from 40 accounts. Prameela admitted that the amounts were deposited in her own account and later transferred to others.
Although the expose of the fraud in The Hans India has caused a sensation here, no higher officials of the bank have cared to visit the branch and look into the issue. The depositors and NRIs want the bank to conduct an inquiry, punish the guilty, recover the siphoned deposits and restore them to the account-holders.