Friday, April 20, 2012
8:11 AM Blogger
The CBI has arrested three State Bank of India (SBI) officers for their alleged involvement in siphoning off money to the tune of Rs 1.35 crore from the Non-Resident Indian (NRI) accounts, sources said today.
The accused including alleged mastermind and in-charge of NRI section of the main branch Anup Rajurkar, deputy manager Prakash Bhalkar and senior executive Mamata Motwani were apprehended yesterday for their alleged role in fraudulently withdrawing the money from the NRI accounts of the bank, they said.
Though the scam was unearthed two years back but after initially ignoring the fraud, the State Bank authorities lodged a formal complaint with CBI only in July last.
Rajurkar was placed under suspension by the SBI pending inquiry against him.
According to CBI sources, Rajurkar enjoyed a clout with a section of BJP leaders.
He allegedly used to provide fake receipt to the NRI bank account holders and transfer money to his own account and would later withdraw the same.
The fraud was committed between the period 2004 and 2011.
CBI produced the trio in a designated court here and obtained three-day police custodial remand (PCR), sources said.
Source: Financial Express
TAN (Tax Deduction and Collection Account Number) 1 What is TAN TAN or Tax Deduction and Collection Account Number is a 10 digit alpha n...
PAN (PERMANENT ACCOUNT NUMBER) 1 What is PAN Permanent Account Number (PAN) is a ten-digit alphanumeric number allotted by Income Tax Depa...
The country's largest lender State Bank of India (SBI) today said the government's stake in the company is likely to increase by up...
Vijaya Bank reported a 43 per cent increase in net profit at Rs.53 crore in the third quarter ended December 31, 2015, as against Rs.37 ...
State Bank of India ’s board on Wednesday approved infusion of capital funds to the tune of Rs 2,000 crore in the bank by way of prefere...
Muthoot Precious Metals Corporation (MPMC), one of the group companies of the Kerala-based Muthoot Group, launched a new scheme called ‘Muth...
Airtel M-Commerce Services, a subsidiary of Bharti Airtel (Airtel), on Tuesday said it has been renamed as Airtel Payments Bank after r...
Close to 70,000 officers and employees at 82 regional rural banks (RRBs) across the country will go on strike on June 8. Some of the key de...