Noida: South Indian Bank Assistant Manager, His Mother, Wife Booked for Rs 28.07 Crore Fraud
In a ₹28.07 crore fraud case in Noida, the Regional DGM of South Indian Bank Limited has filed a case against an assistant manager, his mother, and wife at Sector 24 police station.
The assistant manager, who worked at the South Indian Bank branch in Sector 22, allegedly opened accounts in the names of his mother, wife, and others. After verifying the accounts, he transferred crores of rupees from a private company’s account into these accounts.
The police have registered a case against the assistant manager, Rahul Sharma, his wife, Bhumi Sharma, and mother, Seema Sharma, under four sections, including fraud. The fraud was caught by the bank’s vigilance team after a complaint was received. The case was filed by the bank’s regional manager, Ranjit R. Nayak, of the Delhi office.
In his complaint, Nayak said that he had been receiving complaints of irregularities from the Sector 22 branch for the past few days. The department then sent its vigilance team to investigate the matter.
The investigation revealed that Sharma had transferred ₹28.07 crore from the account of a company called Associate Electronics Research Foundation, located in Sector 48, into the accounts of his wife, mother, and others.
In this case, the officials of Associate Electronics Research Foundation had filed a complaint by email on December 3, 4, and 6, alleging that the money had been transferred from the account without their permission or knowledge.
The money was transferred into the accounts of the mother and wife, as well as some other bank accounts, more than 20 times. The money was transferred into other accounts to avoid suspicion.
The vigilance team caught the fraud in its investigation. Sharma, who is originally from Rohtak, Haryana, currently lives in Sector 27 with his family.
ACP Arvind Kumar said that after the case was registered, the police are investigating the accounts into which the money was transferred. The accused will be questioned soon in this regard. The accused committed the fraud under a complete plan.
