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...
Deutsche Bank AG is weighing the sale of its Indian retail businesses as the German lender considers asset disposals to help boost capi...
The Government of India has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater bank...
All the branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of ...
The government is likely to tap Indian Bank chief executive MK Jain to try and turn around troubled IDBI Bank after seeing his hand in...
Banks are not Shylocks bent on sucking out money from customers, but those seeking higher levels of service must be open to paying for t...