Bank manager and cashier arrested on charges of embezzling Rs 13.51 crore of government funds
Friday, 06 SEPTEMBER 2024 | PNS | DEHRADUN
The Udham Singh Nagar police arrested two bank employees accused of embezzling Rs 13.51 crore of government funds using forged documents. The accused were within 22 hours with Rs 7.5 crore of the amount placed on hold in various bank accounts, the senior superintendent of police Manjunath TC said. He informed that a complaint was filed on September 2 by the special land acquisition officer of Udhamsingh Nagar, Kaustubh Mishra. He said in the complaint that Rs 13.51 crore had been illegally transferred to multiple accounts using forged cheques from the joint account of CALA USN & PO NHAI NH-74 at IndusInd Bank, Rudrapur. The fraudulent transactions occurred on August 28 and 31, 2024, without the bank notifying the office of the Special Land Acquisition Office or following standard procedures, as per the complainant. Considering this, the SSP said that an FIR was registered under Sections 318(4), 336(2), 338, and 340(2) of the Bhartiya Nyay Sanhita (BNS) against unknown individuals. Recognising the seriousness of the embezzlement, a police team was also formed by the SSP. During the investigation, CCTV footage from the bank revealed that three different individuals visited the bank on August 28 and August 31. Bank employees also informed the police that positive confirmation is typically required for checks exceeding a certain amount. After thorough investigation, the police arrested the bank manager Devendra Singh and cashier, Priyam Singh of IndusInd Bank, Rudrapur. Efforts are ongoing to trace and apprehend other suspects involved in the case, Manjunath said. He added that the police have seized forgery-related documents and Rs 7.5 crore and further efforts to freeze the remaining funds are in progress.
