The Central Bureau of Investigation (CBI) has recently taken action against a Punjab National Bank (PNB) official for his alleged involvement in embezzling Rs 4.98 crore from the account of an infrastructure construction company based in Bhopal. The incident took place at PNB’s Delhi Road Branch in Hapur, Uttar Pradesh.
Alleged Collusion and Unauthorized Transfers
According to officials, the head cashier named Mukul Singh, in collusion with Vinod Kumar Singh, merged the account of Dilip Buildcon Ltd with another account belonging to Star Raze, which is owned by Vinod Kumar Singh. As a result, a sum of Rs 4.98 crore was allegedly transferred to various accounts using internet banking, leading to significant losses for PNB.
Investigation and Search Operations
After registering a First Information Report (FIR), the CBI carried out searches at the locations associated with the two accused individuals. The agency’s spokesperson mentioned that these searches were conducted based on the analysis of bank system login details and CCTV footage.
It is important to note that these actions have been taken based on the available information, and the investigation is ongoing. The CBI is actively working to gather further evidence and establish the full extent of the alleged embezzlement.
