Nation Current Affairs 12 Sep 2019 Hyderabad: Court con ...

Hyderabad: Court convicts banker for Rs 21 lakh fraud

DECCAN CHRONICLE.
Published Sep 12, 2019, 2:09 am IST
Updated Sep 12, 2019, 2:09 am IST
Police said Jyothi used to collect cheques that were returned to bank as they could not be delivered to customers.
The court sentenced the manager to undergo two years of rigorous imprisonment and pay Rs 10,000 as penalty. (Representational image)
 The court sentenced the manager to undergo two years of rigorous imprisonment and pay Rs 10,000 as penalty. (Representational image)

Hyderabad: A bank manager of the State Bank of India was convicted on Wednesday for illegally withdrawing money of bank’s customers totalling to Rs 21.51 lakh. The court sentenced the manager to undergo two years of rigorous imprisonment and pay Rs 10,000 as penalty.

According to Rachakonda police, following a complaint made in 2015 by K. Badrinath, Regional Manager of SBI, Chaitanyapuri police station registered a case against Dudla Jyothi Prasad, 59, then manager of Dilsukhnagar branch, on charges that she had cheated the bank by illegally withdrawing money.

 

Police said Jyothi used to collect cheques that were returned to bank as they could not be delivered to customers. She would deposit these cheques into accounts of other customers and then withdraw that money. This way, she defrauded the bank of Rs 21.51 lakh. The fraud was unearthed during an internal audit.

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Location: India, Telangana, Hyderabad




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