UCO Bank sacks official for money laundering

December 20, 2016 04:26 pm | Updated 04:26 pm IST - Agartala

A bank official has been suspended from service for helping a trader to dump huge amount in his personal account in wake of demonetisation. UCO Bank took the punitive measure against Dilip Debbarma, head cashier of Melaghar Branch in Sepahijala district.

An official of UCO Bank said on Tuesday that ‘legal proceedings’ will also be initiated against Mr Debbarma for depositing through different entries a sum of Rs 25.5 lakh in his savings account. The money was deposited after demonetisation was enforced on November 8.

“On queries he (Dilip Debbarma) failed to justify the transactions. The authorities then decided to put him under suspension”, the official said.

Sources said a section of traders and smugglers are taking help of bank officials to legalise huge amount of ‘black money’. They said bank officials and staffs of this border State are under surveillance of Financial Intelligence Unit (FIU).

Meanwhile, a bank manager on Monday died of heart attack reportedly owing to ‘overloaded work pressure’. Surendra Reang (53) was manager in Sabroom Branch of the Tripura State Cooperative Bank.

Doctors said he suffered from massive cardiac arrest. He left behind his wife and daughter.

This was third death of bank staffs in Tripura attributed to adversities after demonetisation.

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.