Former SBI manager commits fraud

The former branch manager of the SBI’s branch in Nagarguda, N Krishna Aditya, allegedly opened a savings bank account under his name in same branch.

Published: 29th December 2018 06:44 AM  |   Last Updated: 29th December 2018 06:44 AM   |  A+A-

Express News Service

HYDERABAD: The former branch manager of the SBI’s branch in Nagarguda, N Krishna Aditya, allegedly opened a savings bank account under his name in same branch. Later, by amending the account name as Nirati Krishnaiah (No: 62507159736) he diverted funds illegally to the account from other customers’ accounts. 

A day after the Hyderabad Central Bureau of Investigation (CBI) officials registered criminal cases against six persons, including the former SBI officials, for committing a fraud of Rs 3.46 crore, the investigators have initiated a probe based on internal report submitted by the SBI officials. 

In the internal report, the Jamalapuram Durga Prasad, regional manager, Regional Business Office, Mehdipatnam said that the former branch manager of Nagarguda Krishna Aditya created a bank account on the name of Nirati Krishnaiah, a non-existing person, and diverted the funds of Rs 9 lakh from customers’ accounts. 

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp