The FIR reveals that the accused, Vijish Varghese, being clerk at Canara Bank, Pathanamthitta Branch II, has fraudulently swindled an amount of Rs. 8.13 Crore (approx.) through 191 transactions between 06.12.2019 and Feb 2021.
FinTech BizNews Service
Mumbai, May 12, 2025: Directorate of Enforcement (ED), Cochin Zonal Office has provisionally attached the immovable properties worth Rs. 1.11 Crore (approx.) of Vijish Varghese and Smt. Surya Thara George W/o of Vijish Varghese under the provisions of Prevention of Money Laundering Act (PMLA), 2002, as per a press release issued by the ED.
ED initiated investigation on the basis of FIR registered under various section of IPC, 1860 and Prevention of Corruption Act, 1988 by Pathanamthitta Police Station. The FIR reveals that the accused, Vijish Varghese, being clerk at Canara Bank, Pathanamthitta Branch II, has fraudulently swindled an amount of Rs. 8.13 Crore (approx.) through 191 transactions between 06.12.2019 and Feb 2021. These transactions were carried out to various accounts held in his name as well as in the names of his wife and father-in-law. Vijish Varghese used the login credentials of the Assistant Manager of a branch to conduct these fraudulent transactions. He transferred significant portion of the misappropriated funds for investments in stocks and shares. ED investigation revealed that Vijish Varghese and his wife were found in possession of the Proceeds of Crime (POC) and had personally utilized the POC through cash withdrawal including for the repayment of loans. Hence, the immovable properties in the name of Vijish Varghese and his wife, amounting to a total of Rs. 1.11 Crore (approx.) have been provisionally attached as the value equivalent of the property derived or obtained directly or indirectly as a result of criminal activity related to the scheduled offence. Further investigation is under progress.
