Punjab National Bank Head Cashier suspended and case filed for transferring money from customer’s account
Yamuna Nagar: According to reports, the head cashier of the Punjab National Bank’s Jagadhri Workshop branch, Sandeep Kumar, allegedly transferred Rs. 4,03,367 from customers’ accounts to his and his wife’s accounts without proper authorization or documentation. When the bank became aware of this, Sandeep Kumar withdrew the amount in 206 transactions. As a result of the investigation, Sandeep Kumar was suspended from his duties in September 2022.
Complaint and Investigation
Baldev Singh, the head cashier of the bank and a resident of Gundiana, filed a complaint with the police regarding Sandeep Kumar’s actions. In July 2022, a bank customer named Anjali reported that Rs. 800 had been withdrawn from her account without her consent. Upon investigation, it was discovered that the money had been transferred to an account under the name of Sandeep Kumar, the head cashier of the bank’s Jagadhri Workshop branch.
Further investigation revealed that Sandeep Kumar had transferred a total of Rs. 4,03,367 from customers’ bank accounts to his and his wife Sonia’s accounts without proper authorization or documentation. The investigation conducted by the chief audit officer, Vinod Gupta, found that a total of 206 transactions were involved. Out of these, 119 transactions involved Sandeep Kumar depositing Rs. 1,90,921 into his own account without any orders or signed vouchers from customers. Additionally, Rs. 2,12,446 from 87 transactions were deposited into his wife’s account.
Legal Action and Ongoing Investigation
Based on Baldev Singh’s complaint, a case has been registered against Sandeep Kumar, the suspended head cashier. The investigation is currently ongoing to gather further evidence and determine the extent of the alleged fraud.
