SBI Narsapur official held for stealing cash, gold worth Rs. 5.22 cr

Searches were conducted at the premises of the bank official at Narsapur which led to the recovery of incriminating documents

By Newsmeter Network  Published on  5 Sep 2022 1:18 PM GMT
SBI Narsapur official held for stealing cash, gold worth Rs. 5.22 cr

Hyderabad: The Central Bureau of Investigation arrested an employee of the State Bank of India, Narsapur branch, Medak district for causing alleged loss of Rs. 5.22 crores to the bank.

A case was registered following a complaint by the AGM, SBI, Siddipet, Hyderabad (Telangana) that a senior associate and cash in-charge of SBI's Narsapur branch had misappropriated cash of Rs. 2.32 crores and gold ornaments worth Rs. 0.72 crores that were under his control. He had also stolen cash amounting to Rs. 2.19 crores from three ATMs. The bank suffered an alleged loss of Rs. 5.22 crores.

Searches were conducted at the premises of the bank official at Narsapur which led to the recovery of incriminating documents.

The accused was produced before the Special Judge, CBI cases, Hyderabad, and remanded to judicial custody for 14 days.

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