Bank officer booked for Rs 3.70 crore fraud in Shimla

Shimla, Sept 12,

A senior officer of Bank of Baroda has been booked for allegedly embezzling Rs 3.70 crore from a client’s account in Shimla.

Police said on Thursday that an FIR dated September 11 was registered at Chotta Shimla Police Station under Section 316(5) of the Bharatiya Nyaya Sanhita (BNS) against Senior Manager of Bank of Baroda’s Kusumpti branch.

According to the complaint lodged by Deputy Regional Manager of the Bank, Rajesh Kumar Gaba, funds were illegally transferred from the account of the Secretary, APMC S&K, to the account of one Smt. Kalu Devi on August 22 and August 27 without authorization. The amount was later siphoned off through multiple accounts and cash withdrawals.

Police said around Rs 90.95 lakh is still lying in the account, which has been frozen. Rathore, in a written statement dated September 7, confessed to the crime and admitted to having committed the fraud for personal gain in connivance with unknown persons.

Investigation is underway to trace the other individuals involved, police added.

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