Big Fraud in Axis Bank! Manager and Cashier arrested for fraud in Korba Nagar Nigam Account

A major case of fraud in a government account has come to light in Korba, Chhattisgarh. Axis Bank Employees have been arrested for causing loss of revenue to the Korba Nagar Palik Nigam through Cash Management Services (CMS).

29-year-old Ashirwad Priyanshu and 42-year-old Arun Mishra have been made accused in this case. The accused embezzled the department’s revenue amount in Axis Bank. The total revenue amount was ₹91,68,042, out of which only ₹12,25,768 was deposited. The amount of Rs. 79,42,274 was not deposited.

The matter came to light when the employees of Korba Nagar Palik Nigam checked the account statement. They were shocked to learn that the money had not been deposited into the account of the Korba Nagar Nigam.

Quickly the complaint was filed with the Police. In the investigation it was found that the Axis Bank manager – Arun Mishra and the cashier – Ashirwad embezzled the money.

Cashier Arun Mishra is the mastermind and he planned the whole conspiracy to embezzle the money. According to the police, investigation is going on and more people can be arrested in this case. A case has been registered against the accused under section 409 of the Indian Penal Code. The accused will be produced before the judicial magistrate.

Korba CSP Bhushan Ekka said that Municipal Corporation Revenue Recovery Officer Pradeep Kumar, who lives in Civil Lines police station area, had lodged a complaint that the money deposited by the corporation in Axis Bank was not deposited in the account due to fraud by the bank employees. An inquiry was conducted on the complaint and two people were arrested and sent to jail.