Bank officer embezzles Rs 2.7 Cr of depositors’ money; goes missing: Police
Team Udayavani, Sep 12, 2022, 8:29 PM IST
Uttara Kannada Superintendent of Police Dr. Suman D Pennekar
Karwar: A massive bank fraud has come to light at a public sector bank here. A man working as an Assistant Manager at Bank of Baroda in Yellapur has fled with Rs 2.7 crores embezzled from the depositors’ accounts, police said on Monday.
Addressing the media, District Superintendent of Police Dr. Suman D Pennekar said that Kumar B who worked as an Assistant manager at Yellapur illegally siphoned off money from depositors’ accounts into the bank accounts of his wife and relatives.
The accused covertly used the login IDs of Bank clerks and other staff to carry out the transfers. The fraudulent transfers took place over a period of 4 to 5 months, she added.
The SP said that bank deposits worth Rs 2.7 crores were misappropriated. The bank has lodged a complaint after the fraud came to light recently, she said.
Dr. Pennekar also said that Kumar’s wife has been named as an accused in the case as the money was transferred to her account. However, the woman’s bank account is empty as money was transferred before the crime came to light.
Meanwhile, Kumar has disappeared and a missing complaint was registered about a week ago. At the time, none at the bank was aware of the fraud had taken place, Dr. Pennekar said and added that efforts are underway to trace the accused.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
ED seeks EC action against Karnataka Congress MLA on Rs 42 crore funds during 2023 polls
Karnataka CM Siddaramaiah stages dharna over delay in release of drought relief funds by Centre
“Very sorry. We will be on your side,” CM Siddaramaiah to slain student’s father
Udupi-Chikkamagaluru polls: Brahmavar block Cong committee plans public meeting on April 23
Not scared of expulsion from BJP, says ex Deputy CM Eshwarappa
MUST WATCH
Latest Additions
INDIA bloc not a front, it is a platform against BJP: Pinarayi Vijayan
South Karnataka on high alert over bird flu reported in Kerala
School jobs scam: HC asks Bengal to decide on granting sanction to prosecute accused by May 2
PM slams Congress over its Goa leader’s remark on Constitution, says it’s ploy to break country
Trends of election results are visible in BJP leaders’ speeches: Akhilesh Yadav