Maharashtra: Bank employee held for fraud

Nagpur, Sep 7: Sleuths from the Economic Offences Wing (EOW) of the Crime Branch of the city police have arrested an employee of State Bank of India (SBI) for allegedly siphoning off over Rs 90 lakh fraudulently from the accounts of various customers.

Additional Commissioner of Police (Crime) B K Upadhyay said the employee, identified as senior assistant-cum-cashier S L Nikose, was nabbed from the bus stand here yesterday after having been absconding for nearly a month.

Nikose is alleged to have fraudulently transferred Rs 90.55 lakh from various accounts into another account opened under a fake name, between July 2006 and July 2007, he said.

On the basis of a complaint by the bank authorities, Nikose was booked under sections 409 (criminal breach of trust by public servant, banker, merchant or agent), 420 (cheating), 466 (forgery of record) and 471 (using as genuine a forged document or electronic record) of the Indian Penal Code (IPC), Mr Upadhyay added.

UNI