CBI unearths over 14 crore scam in Uttar Pradesh's rural bank, arrests manager

The CBI filed the FIR after receiving a complaint from the bank, which detected suspicious transactions in the branch.

Published: 02nd March 2018 04:01 PM  |   Last Updated: 02nd March 2018 04:01 PM   |  A+A-

CBI Headquarters (File | PTI)

By ANI

HASANPUR: The Central Bureau of Investigation (CBI) has filed an FIR against branch manager and eight other employees of a regional rural bank over an alleged scam of over Rs 14 crore in Uttar Pradesh's Hasanpur.

The CBI filed the FIR after receiving a complaint from the bank, which detected suspicious transactions in the branch.

After the detection of fraud, the bank immediately suspended its user ID and password.

The main accused Branch Manager, Vipin Kumar, and others used to debit the number of Pratham Kisan credit card accounts and then transfer the amount into Secured Overdraft accounts and other accounts.

This comes at a time when several banking scams are unfolding in the country.

Recently, the Punjab National Bank (PNB) detected a billion dollar scam, in which businessman Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.

The scam, which allegedly started in 2011, was unearthed last month, after which the PNB officials reported it to the concerned agencies. 

Stay up to date on all the latest Nation 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