Case filed against Bank of India Manager for withdrawing money from deceased customer’s account
In a shocking turn of events, two officials, including the manager of Bank of India in Shimla, have been accused of embezzling Rs 2.8 lakh from the dormant account of a deceased individual. The Sadar police has initiated an investigation into the matter after registering a case against the former manager, Yogesh, and the special assistant, Vijay. The incident came to light when the bank’s enterprise fraud risk management system flagged suspicious transactions from the inactive account on March 11, 2024. Subsequent investigations revealed that the account holder, SP Madan, had passed away in 1992.
Due to the absence of any transactions, the account had remained inactive. It is alleged that Yogesh and Vijay took advantage of this situation. They purportedly used fraudulent documents to reactivate the account in March of this year and subsequently withdrew the funds. Once the fraud was confirmed, the Bank of India conducted its own internal investigation before senior branch manager Ankush Rangta reported the matter to the Sadar police station. The police have now launched a thorough investigation into this grave incident of embezzlement.
