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The manager of this Bank withdrew crores of rupees illegally from customer’s account


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Within 12 hours, the police have arrested the accused bank branch manager for withdrawing crores of rupees from people’s accounts in the Central Cooperative Bank in village Sialba. A case was registered against accused Jasbir Singh under sections 381, 409, 465, 467, 468, 471, 420, 120B of IPC in police station Marjari. The accused Jasbir Singh was arrested by the police late in the night. In this regard, Jagdish Singh Kadimjra, Charan Singh Mankupar Sharif, Major Singh Chatamali, Charanjit Singh, and others had given a complaint to the police.

Fraudulent Withdrawals in Sialba’s Co-operative Bank

Lakhs were withdrawn from people’s accounts in Sialba’s Co-operative Bank, which came to light after people made entries in their passbooks. Account holders alleged that a case of fraud of about Rs 3 crore has come to light with 24 account holders. They claimed that the manager kept making entries in his copy, but the money was not deposited. The current manager, Tejpal Singh, stated that several cases of fraud committed by the previous manager have come to light and the matter was brought to the notice of higher authorities.

Background of the Accused Manager

During the interrogation, it has come to light that the accused manager of the Co-operative Bank, Jasbir Singh, was defrauded of crores of rupees some time ago. Manager Jasbir Singh has two more brothers. He had sold some of his land in village Tappariya, in which all three brothers had a share. But Jasbir Singh had kept the entire amount with himself. A close friend of the manager had told him about a good property that would give good profits soon. The friend advised him to invest all the money there, sell the property in a few days, and keep the entire profit for himself. Jasbir Singh was influenced by his friend and invested the entire payment there. However, this deal turned out to be fake, and the manager’s friend went missing after taking the full payment. It is now being said that the manager hatched a scheme to defraud the bank just to get his brothers’ money back.

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