Hyderabad bank staff pilfers Rs. 6.5 crore from an OCI account
Hyderabad: In a shocking case of alleged bank fraud, Axis Bank officials in Hyderabad are accused of stealing Rs. 6.5 crore from the bank account of an Indian-origin man living in Australia.
According to police, Paritosh Upadhyay, an Overseas Citizen of India (OCI) residing in New South Wales found out that the bank officials at the Begumpet branch allegedly siphoned off the huge amount over the past two years from his premium account.
Preliminary investigation revealed that former branch head Sridevi Raghu, senior partner Venkataramana Pasarla, service partner Surekha Saini, senior vice-president Hari Vijay and others were involved in the fraud. The accused persons have been booked under various charges including cheating by impersonation, cheating by fraudulent means, criminal breach of trust by a banker, forgery and forgery by electronic means.
Upadhyay stated that he found out that some bank officials used forged signatures on loose-leaf cheques to withdraw cash from his premium account and transferred the money to other accounts. He added that he reported the fraud to the bank management, but no action was taken for two years.
