➤ Rs 3.70 crore transfer from the account of the institution to the account of the woman
➤ The accused confesses to the crime, and the police freeze accounts and filed FIR
A major financial scam related to the Bank of Baroda has come to light in the capital, Shimla. A senior bank officer is accused of abusing his position by unlawfully transferring Rs 3.70 crore from an institution’s account to other accounts, then withdrawing the money through cash withdrawals and other accounts.
The Bank of Baroda’s Deputy Regional Manager has filed the complaint. On August 22 and 27, the accused senior manager moved lakhs of rupees from the organization’s account to a woman’s account without authorization, according to the filed FIR. Afterwards, the money was transferred to other accounts and obtained via cash withdrawal.
Given the seriousness of the situation, the bank administration acted quickly, and the police have now frozen the remaining 90.95 lakh rupees in the woman’s account.
According to the information, the accused officer confessed his crime in writing on 7 September. He admitted that he did this for personal benefit from the connivance of unknown persons. Currently, the case has been registered at the Chhota Shimla police station and action is being taken against the accused under Section 316 (5) of the Code of India.
This incident not only questions the security system of the banking sector but also shakes the trust of the general public. Police and bank officials are now investigating who else was involved in this and how the entire conspiracy was hatched to take out such a huge amount.
