Bank manager booked for fraud

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Nagpur, Jun 17 (UNI) The manager of a branch of Nationalised bank has been booked for allegedly cheating a customer of Rs 7 lakhs, police said today.

Ramdeo Singh Siddheshwar Singh (59) had put Rs 7 lakh in a fixed deposit account in the bank in 2000. Bank manager Narayan Bahekar, issued a receipt under his signature and seal to Singh, they said.

Later, Bahekar got the fixed deposit certificate for the amount issued, but did not hand it over to the customer, instead keeping it with himself, the police said. The manager did not make a note of the issue of the certificate in the bank's records, the police added.

Singh discovered the fraud when he went to the bank recently to get the cash, and later lodged a complaint with the police, who registered an offence under section 420 (cheating) of the Indian Penal Code (IPC).

In another case, an agent of a cooperative credit society duped a customer of Rs 84,000, police said. The agent, identified as Manoj Narayan Satao (35), offered to withdraw the maturity amount in a fixed deposit for a customer, Haridas Sakharam Kaste (36).

Satao took the deposit certificate and an authority letter from Kaste, and withdrew the amount from the bank in 2005, the police said.

However, Satao has been missing since, and Kaste has not received the money.

On the basis of a complaint from the customer, the police have registered an offence under section 406 (criminal breach of trust) of the IPC.


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