bob-manager-in-himachal-booked-for-3-7-cr-fraud

A senior manager at Bank of Baroda’s Kasumpti branch has been booked for criminal breach of trust under Section 316(5) of the BNS for allegedly embezzling Rs 3.70 crore, the police said on Friday.

 

The case was registered after a deputy regional manager of the bank filed a complaint. It alleged that the manager transferred money from a government account to a woman’s account on August 22 and 27 without authorisation, violating banking rules.

 

Some of the money was later moved to other accounts, while part was withdrawn in cash. Around Rs 90.95 lakh still remains in the woman’s account, which has now been frozen, the complaint said.

 

During the investigation, the manager admitted to the fraud in writing and revealed that other individuals were also involved. The police are examining the full trail of transactions and tracking the accounts where the embezzled funds were transferred, officials added.