Allegations of illegally transferring an amount of Rs4.98 crore
FinTech BizNews Service
Mumbai, May 17, 2024: CBI has registered a case against one Head Cashier of Punjab National Bank, Delhi Road Branch, Hapur, a private person and unknown persons on allegations of illegal transfer of Rs. 4.98 crore (approx) from the account of a Business Entity maintaining a Cash credit Account at PNB, LCB Branch, Bhopal, as per a press release issued by the CBI.
The case was registered on the basis of complaint alleging therein that the Head Cashier of PNB, Delhi Road Branch, Hapur in conspiracy with the private persons illegally merged the Cash Credit Account of the Business entity with the firm of the private person and an amount of Rs4.98 crore was transferred to various accounts through internet banking causing a corresponding loss to the Punjab National Bank.
CBI conducted searches at the premises of accused at Hapur which led to recovery of incriminating documents.
Investigation is continuing.
