New Delhi, February 16: CBI has registered a case and started investigations in a case related to misappropriation of funds worth over Rs one crore by two former employees of a nationalised bank in Hyderabad.
The case was registered against cashier K Harikumar and manager K Ramesh Kumar of Andhra Bank, Gajularamaram Branch, HAL Colony, Shapurngar, Hyderabad and other unknown public servants and private persons under different sections of the IPC and the Prevention of Corruption Act.
The allegations are that accused Harikumar while working as cashier in the bank had committed misappropriation of Rs 57,61,000 and on further enquiry by the bank it was found that other than the above amount, another Rs 60,00,000 was issued as pay orders.
“These were not accounted for in the bank books. Many other irregularities have also come to light,” a CBI spokesperson said here today.
Prior to registration of a case by the CBI on the allegations, another case was registered on November 11, 2009 by the Jeedimetla police authorities.
During the investigation, Jeedimetla police arrested the manager of the bank for conspiracy in the offence. In this case, the fraud amount was above Rs one crore.
Accordingly, the government of Andhra Pradesh transferred the case to CBI for investigation, the spokesperson said adding that further investigation is continuing.
–Agencies