A case of embezzlement of around Rs 1 crore has come to light in the Union Bank of India in Jodhpur. The accused is a bank assistant manager who has been cheating the bank for about 2 years.
He issued 20 credit cards with a limit of Rs 5 lakh each through fake documents. He verified them himself. He used these credit cards to pay for shopping and other bills of friends and relatives. In return, he took cash from them. The embezzlement case came to light when the bank collected information about the credit cards whose bills were pending for a long time.
On Thursday, as soon as the case came to light, the bank management suspended the accused and registered a report at the Shastri Nagar police station. This fraud took place in two branches of Union Bank, Basni and Jalori Gate.
The accused has been working as an assistant manager at the Sojati Gate branch of Union Bank in Jodhpur since April 2023. The manager of the same branch has lodged a case against him.
Shastri Nagar Police Station Incharge Mohammed Shafeeq Khan said, “The manager of Union Bank located at Sojati Gate, Chetan Prakash, lodged a case of fraud on Thursday night. He accused Union Bank (Sojati Gate) Assistant Manager Akash Verma of embezzling Rs 1 crore in about two years while staying at Basni and Jalori Gate branches from 2021 to April 2023.
“The station in-charge said, “The fraud has been done in a very cunning way. The police is investigating. Records have been received from the bank. We will investigate everyone on whom there is suspicion.
Only after the complete investigation will it be known how much money the accused has defrauded. According to sources, Akash Verma has been a Union Bank employee since 2016. So far, embezzlement of about Rs 35 lakh has come to light from Basni branch.
The accused worked at Basni and Jalori Gate branches. The police has ordered all the records from there.The bank management has started to find out the embezzlement on its own. The bank officials are auditing.In the last two years, Akash Verma has been working at the Union Bank’s Basni and Jalori Gate branch.
He did the mess while staying in these branches. After that he came to Sojati Gate branch. While staying in Basni and Jalori Gate branches, he issued several credit cards through fake documents, verified them himself.
Then he gave the credit cards to his friends and relatives for their electricity bills, other bills, shopping and other expenses. In return, he took cash from them. In this way, he embezzled around Rs 1 crore in two years.According to the information, the matter came to light when the bills of around Rs 1 crore of 20 credit cards in both bank branches were pending for a long time.
Akash cheated the bank in a very cunning way. He took advantage of the position of Assistant Manager. First issued credit cards, then tampered with verification. He kept the limit of all cards at Rs 5 lakh so that more fraud could be done.
He kept all the cards with him and gave them to friends and relatives when needed.The accused Akash had used the entire limit of all these cards, around Rs 1 crore, in the last two years. After that, the money for the bills was not deposited back in the bank, due to which the bank administration investigated the outstanding amount.
According to the information received from the bank officials, the payment of 20 credit cards has been pending for the last two years. When the bank employees searched the documents submitted for these credit cards, no information was found. Those whose documents were attached said that they do not know about the credit card.
On investigation, it was found that all the cards were verified by the same officer (Akash Verma). The people in whose name these credit cards were, either turned out to be Akash’s friends, or relatives. In such a situation, action was taken as soon as the suspicion arose.
Key points:
- The accused, Akash Verma, is an assistant manager at Union Bank of India.
- He has been accused of embezzling around Rs 1 crore from the bank.
- He issued 20 credit cards with a limit of Rs 5 lakh each through fake documents.
- He verified them himself and then gave them to his friends and relatives for their use.
- The matter came to light when the bills of the credit cards were pending for a long time.
- The bank management has suspended Akash Verma and registered a case against him.
- The police are investigating the matter.
