Kanpur: 7 suspended in SBI multi-crore scam

Posted By: Staff
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Kanpur, Aug 6: Seven officials of the State Bank of India have been suspended in the multi-crore scam of Rs 52 crore, which was unearthed at the main branch of Kanpur, on Wednesday, Aug 5, a SBI bank official said.

Chief general manager BV Chaubal, general manager Arun Sarin and other members of vigilance team of the bank rushed to main branch located at the Mamata Gandhi Marg on Tuesday, Aug 4 and took the action after carrying out preliminary investigation in the matter.

"The suspended officials include an assistant general manager, two chief managers and some senior managers, who were suspected to be directly involved in pilfering the bank by crediting fake cheques into select accounts," the bank official said.

According to general manager of SBI, Sarin, the suspensions came following the unauthorised withdrawal of money worth several crores from the SBI main branch in Kanpur.

The scam was detected by SBI"s audit team in Hyderabad from which a special team had been sent to this city, 80 km from state capital Lucknow.

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