Ahmedabad, Oct 9 (ANI): The Central Bureau of Investigation (CBI) has taken into its custody Tulsi P. Ladani, the then assistant of State Bank of India (SBI), Kutiyana Branch, Porbandar, for misappropriation of Rs 5.24 crore from around 259 savings accounts.
The CBI registered a case on September 29 against Ladani along with other unknown officials and private persons under sections 120-B, 409, 420, 467, 468 and 471 IPC and 13(2) r/w 13(1) (c) and (d) of the Prevention of Corruption Act, 1988.
It was alleged that the accused, while working as an assistant in SBI Kutiyana Branch during the year 2004 to 2010 used to accept the money tendered by illiterate / semi-literate customers of the branch, and issue a counterfoil containing stamp of the bank under his signature.
However, the amounts thus received were not credited into the accounts of the customers and were siphoned off.
It has also been reported that Ladani used to make entries in the passbooks in his own handwritings instead of updating the passbook by printing through computer.
It is further alleged that he forged signatures in many transactions and withdrew money from various accounts particularly the dormant accounts.
Apart from this, he issued Term Deposit Receipts (TDRs) without making entries in the System and siphoned off the amount.
An amount of Rs. 5.24 crores (approximately) was thus misappropriated by making fraudulent transactions in about 259 savings accounts.
The accused was absconding since the bank authorities came to know about the fraud.
He was produced before the designated court at Ahmedabad, and remanded to CBI custody till October 12. (ANI)