Tamil Nadu News

7 bank officials booked for swindling Rs 64 lakh 

Seven people, including four terminated bank officials absconded after cases were registered against them.All the bank officials were terminated after the alleged misappropriation was found out.

Published: 07th March 2018 11:00 AM  |   Last Updated: 07th March 2018 04:32 PM   |  A+A-

The Rs 1000 and Rs 500 bank notes that were demonetised by the government in November 2016 constituted 86% of the currency in circulation.| File Photo

XYZ| File Photo

By Express News Service

ARIYALUR: Seven people including four terminated bank officials were absconding after cases were registered against them on Monday for allegedly swindling Rs 64 lakh from the loan accounts of farmers at two branches of a nationalised bank.

According to the FIRs lodged with the Crime Branch by the bank authorities, relationship manager Pradeep, assistant manager Rajendran, and clerk Madhan allegedly pocketed `40 lakh from agriculture loan accounts at the Asaveerankudikaadu branch in Sendurai block in 2012 with the help of a sugar cane inspector from Eraiyur, Krishnamurthy, and two middlemen, Nallathambi and Gopi, who helped them lure the unsuspecting farmers.

And at the Varadharajanpettai branch of the bank, relationship manager Palanisamy allegedly diverted `24 lakh from loan accounts in 2011. All the bank officials were terminated after the alleged misappropriation was found out.

The cases were registered under various IPC sections on the direction of the Chief Judicial Magistrate Court in Ariyalur after the bank authorities approached it seeking criminal action against their former staffers.

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