Guru Raghavan was reportedly responsible for carrying out transactions in several accounts maintained separately for bank expenses.
The arrest of an employee of the State Bank of India (SBI) branch in Sholingar for allegedly defrauding the bank of Rs. 2.5 crore has caused a shock.
A case of fraud worth Rs 2.5 crore has come to light at the Sholingar branch of SBI, a public sector bank operating in Ranipet district. The Ranipet District Crime Branch (CCB) police have arrested Guru Raghavan (28), an employee of the bank, in connection with this fraud and are investigating.
Guru Raghavan, who worked as an Associate Clerk at the State Bank of India’s Sholingarh branch, was also apparently responsible for handling transactions in several accounts maintained separately for the bank’s maintenance and expenses.The bank’s internal investigation has raised suspicions over the transfer of Rs 2.5 crore in several installments from bank accounts for maintenance expenses over the past year. Following a thorough audit of the accounts, the bank management is said to have found that the said money may have been taken illegally.
Cholingar SBI Bank Manager Chaudanya has filed a complaint with the Ranipet District Crime Branch Police regarding the scam. Based on this complaint, an investigation was initiated under the leadership of Crime Branch Inspector Kalaiyarasi.
Based on the information received during the investigation, a case was registered against Guru Raghavan and he was arrested by the police. Later, the police produced Guru Raghavan in court and lodged him as an interrogator in the Vellore Central Jail.