Rajampet: SBI official begins probe into NRI accounts scam

Rajampet: SBI official begins probe into NRI accounts scam
Highlights

SBI Official Begins Probe into NRI Accounts Scam, Scam in State Bank of India. The inquiry officer is giving importance to recovery of the fraudulently withdrawn amounts. Action against the offenders will follow.

  • Inquiry against other employees on
  • Cashier Hariprasad admits involvement, suspended
  • CCTV footage to be used for identification
  • Lead Bank Manager Satyanarayana appointed as inquiry officer

Rajampet: Following the unearthing of a scam worth Rs.1.5 crore in which amounts from several NRI accounts were fraudulently withdrawn allegedly by some employees of State Bank of India branch here recently, SBI Zonal Manager Pavan Kumar began an inquiry on Thursday.

He is understood to have come to a preliminary conclusion that there were irregularities in the branch after identifying the ID and passwords through which the amounts were transferred into some employees’ accounts.

Two days back cashier Hariprasad is understood to have given in writing to Pavan Kumar, admitting his involvement in the fraudulent withdrawal of amounts. He has turned approver. However, he has been suspended with immediate effect.

An inquiry is on against the other staff, including branch manager Rajasekhar. The CC TV footage in the branch is expected to help the inquiry officer in identifying the persons who resorted to the fraud.

The inquiry officer is giving importance to recovery of the fraudulently withdrawn amounts. Action against the offenders will follow.

Meanwhile, Rajampet Lead Bank Manager Satyanarayana, who has been appointed to inquire into the fraud, sought to assure the account-holders that they need not worry about their amounts. He said the bank would ensure total safety of the funds. An inquiry has already been launched, he said.

Some bank employees, who have been friendly with the prime suspect generator boy Noor Ahmed, are a worried lot. He is alleged to have taken advantage of his friendship with the staff to steal their IDs and passwords for transferring the amounts. Bank officials, who are conducting the inquiry, are concentrating on recovery of the amounts from him. Action against Noor would follow.

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