Woman held for bank fraud

September 24, 2016 12:00 am | Updated November 01, 2016 08:31 pm IST - CHENNAI:

An employee of a nationalised bank was arrested for allegedly swindling Rs. 2.43 crore from a church’s fixed deposit.

The suspect Raji Basant Rao (54) was a special assistant in the MRC Nagar branch of State Bank of India. She was arrested following complaints from the bank manager and the priest of church.

She had access to the bank account details of St. Thomas Cathedral Basilica. Without the consent of the operator of the account, she pre-closed the fixed deposits. She then transferred the amount to five current accounts and later to her accounts. She withdrew the amount using cheques with a forged signature.

The CCB apprehended her on Thursday and produced her before a judicial magistrate.

She was remanded to judicial custody.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.