A former manager of the Central Bank of India’s Karnal branch has been arrested for allegedly deceiving account holders with the help of a female employee into increasing their credit limit and sanctioning loans in their name, police said Friday. Fraud of ₹2.35 crores were committed by opening fake bank accounts, police added.
The defendants are Krishan Kumar from Teonta village in Kaithal and Vaishali Chauhan, deputy branch manager, who resides in Delhi. They were posted at the Central Bank of India Sector 7 Branch here and were registered under IPC Sections 406, 420, 467, 471 and 120B.
Police say in their complaint, Deepak Yadav, the bank’s current manager, alleged that during his tenure as manager between 2019 and April 2022, he, along with Vaishali and others, abused the holder limit. of bank accounts.
During an internal investigation, it was found that the ownership of various Debt Collection Services Forwarders (FDRS) was changed without a mandate from the clients in favor of those to whom overdraft limits were sanctioned whereby Dummy accounts were consequently opened in the CBS system by Krishan Kumar, the then branch chief, and Vaishali Chauhan.
The plaintiff also referred to the involvement of more people in the matter and alleged that the accused, in collusion with others, fraudulently deceived the bank into committing such acts. This is clearly a case of fraud, criminal breach of trust and forgery committed by all defendants and furthermore it is cheating and misrepresentation for profit, reads the FIR.
Police said he was arrested at his home and confessed to the crime. Police said he was taken to court and remanded in custody for five days for further questioning. The arrest of other people is likely in this case, they added.