Mumbai police on Tuesday booked six employees of a private bank for allegedly siphoning off Rs 2 crore from their employer bank and diverting it to their family and relative’s bank accounts.
The MIDC police have booked the Andheri based private bank’s executives Rishabh Yadav, Sagar Mishra, Ajay Yadav, Sham Sunder Chauhan, Siddhesh Fatnaik and Vicky Shinde.
The case was registered based on the complaint by Sachin Suresh Raut, the head of Central Processing unit post account opening department of the bank.
According to the complainant, the bank has six accounts, of which money was fraudulently withdrawn from two accounts. The six accused are among the 15 employees who had permission to use funds from the bank’s accounts for official work purposes.
According to the FIR, the Central Fraud Monitoring Unit of the complainant bank detected certain suspicious transactions done by the six accused between April 3, 2023 and November 4, 2024.
Following this, the monitoring team initiated an inquiry and found out that executive Siddhesh Fatnaik who works in the UPI dispute department, had transferred funds without permission and for this he used his colleague Vicky Shinde’s log-in id and password.
“Fatnaik transferred money into the accounts of Ajay Yadav, Rishabh Yadav and Sham Sunder Chauhan and received the money in cash form from them,” the complainant alleged in the FIR.
Story continues below this ad
The accused Sagar Mishra discovered financial irregularities being carried out by Fatnaik, and to keep it a secret he allegedly took Rs 29.35 lakh from him through the bank accounts of his family members, friends and relatives, the police complaint stated.
After an internal internal probe, the bank filed a police complaint along with the bank statement of the accused employees.
“The six accused employees were all placed under suspension by the bank. No arrest has been made yet and we are investigating the case further,” a police officer from the MIDC police station said.
The police have booked the six accused under sections 318(4) (cheating), 316(2) (criminal breach of trust), 316(5) (criminal breach of trust by a broker or agent) and 3(5) (common intention) of the Bhartiya Nyaya Sanhita (BNS).
© The Indian Express Pvt Ltd