A case of fraud has been registered against the manager and account holders of the State Bank of India (SBI) Malpe branch in Udupi, Karnataka, for allegedly siphoning off Rs 73 lac. The incident came to light after an internal audit revealed discrepancies in the accounts.
According to reports, the manager of the SBI Malpe branch, along with some account holders, had conspired to cheat the bank by creating fake accounts and transferring funds into them. The fraud is believed to have taken place over a period of several months, with the accused individuals using the money for their personal gain.
The police have registered a case against the manager and the account holders under relevant sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act. The investigation is ongoing, and the police are examining the bank’s records and questioning the accused individuals.
The incident has raised concerns about the safety and security of customers’ money in banks. The SBI has assured its customers that it is taking all necessary steps to prevent such incidents in the future and to protect their interests.
The bank has also announced that it will be conducting a thorough investigation into the matter and will take disciplinary action against the employees found guilty. The incident is a reminder of the need for vigilance and transparency in banking operations to prevent such frauds.
The police are also investigating whether there were any other employees involved in the fraud and whether the bank’s systems and procedures were compromised. The incident has sparked outrage among the public, with many demanding stricter action against those responsible.
In a statement, the SBI said that it has a zero-tolerance policy towards fraud and corruption and will take all necessary steps to prevent such incidents in the future. The bank has also assured its customers that their money is safe and that it will continue to provide them with the best possible services.
The incident is a wake-up call for banks to review their systems and procedures to prevent such frauds. The police and the bank are working together to investigate the matter and to bring the perpetrators to justice. The case is under investigation, and more details are expected to emerge in the coming days.