Noida Bank Employee in Rs 25 Crore Fraud; Wife, Mother Also Booked

A Noida bank employee has been booked for allegedly transferring over Rs 25 crore into the accounts of his relatives and associates. The wife and mother of the assistant manager of South Indian Bank have also been booked.

In a shocking incident, an employee of a private bank in Noida has been booked for allegedly cheating by illegally transferring more than Rs 25 crore into accounts of his relatives and other associates, according to the police on Wednesday.

Involvement of Family Members

The wife and mother of the assistant manager of South Indian Bank have also been implicated in the case by the Noida Police.

Complaint Lodged by Bank Representative

The fraud came to light after a representative from the bank filed a complaint at the Sector 24 Police Station, alleging a fraud of Rs 28.07 crore by Rahul Sharma, the assistant manager at the bank's Sector 22 branch.

Preliminary Investigation and FIR

Deputy Commissioner of Police Noida, Harish Chander, stated that a preliminary inquiry was conducted into the case, following which an FIR was registered against the assistant bank manager and his family members. The investigation revealed that the funds were transferred into the accounts of family members and other accounts as well.

Bank's Internal Investigation

Renjtih R Nair, the deputy general manager and regional head of the South Indian Bank, mentioned in his complaint that the bank's preliminary investigation revealed that Sharma, with dishonest intentions and abusing his official powers, had made several unauthorized and fraudulent transactions for his own benefit or for certain people or entities.

Unidentified Beneficiaries

Nair further stated that they were yet to ascertain the identity of the alleged beneficiaries of the siphoned off amount, which they estimated to be around Rs 28.07 crore.

Charges and Ongoing Investigation

The FIR has been lodged under counts of fraud, forgery, and criminal breach of trust by a servant, as per the police. An investigation is currently underway to uncover the full extent of the fraud and bring the perpetrators to justice.