Home Others CBI arrests a bank official for causing an alleged loss of Rs. 5.22 crore (approx.) to SBI

CBI arrests a bank official for causing an alleged loss of Rs. 5.22 crore (approx.) to SBI

CBI arrests a bank official for causing an alleged loss of Rs. 5.22 crore (approx.) to SBI
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CBI arrests a bank official for causing an alleged loss of Rs. 5.22 crore (approx.) to SBI

Kanwar Inder Singh/ royalpatiala.in

The Central Bureau of Investigation (CBI) has arrested a Senior Associate & Cash In-charge, State Bank of India, Narsapur Branch, Medak District (Telangana) for causing alleged loss of Rs. 5,22,67,760/- to Bank.

A case was registered on complaint from AGM, SBI, Siddipet, Hyderabad (Telangana) that Senior Associate & Cash In-charge, SBI, Narsapur Branch misappropriated cash of Rs. 2.32 crore (approx.); gold ornaments valuing Rs. 0.72 crore (approx.) which were under his control & also cash amounting to Rs. 2.19 crore (approx.) from three ATMs. An alleged loss of Rs. 5,22,67,760/- (approx.) was caused to the bank.

CBI arrests a bank official for causing an alleged loss of Rs. 5.22 crore (approx.) to SBI
CBI

Searches were conducted at the premises of accused at Narsapur, Medak District (Telangana) which led to recovery of incriminating documents.

The arrested accused was produced before the Special Judge, CBI Cases, Hyderabad and remanded to Judicial Custody up to 17.09.2022.

September 5,2022