Managluru, Oct 31: The Surathkal police have registered a case against two senior bank officials in connection with a scam, wherein a fixed deposit (FD) of Rs 55 crore belonging to a government agency has allegedly been transferred to other accounts by creating a fake fixed deposit account.
The accused are Serin Madhusoodhan, manager, Kulai branch of the bank, and Senthil Kumar A., Regional Chief Manager of the bank in Ballalbagh, M.G. Road, on October 30.
The case was registered following a complaint lodged by Veeranagouda Patil, Chief Finance Officer – I, Karnataka Rural Infrastructure Development Ltd. (KRIDL), Bengaluru against the Indian Overseas Bank.
According to the First Information Report, the KRIDL had deposited Rs. 20 crore in the bank’s Kulai branch on August 24, 2017, and another Rs. 35 crore in the same branch on August 30 for one-year at the interest rate of 5.75%. The amount had been transferred through RTGS from the Corporation Bank, S.C. Road, Bengaluru. The IOB had issued two bonds on the same to the KRIDL.



Comments
Add new comment