An executive appointed to help senior citizens with their deposits allegedly robbed an 85-year-old, who had invested his life’s savings in the city branch of a leading private bank.
The suspect forged signatures of the octogenarian and swindled over Rs. 50 lakh from his fixed deposits, investigating policemen told The Hindu.
The octogenarian deposited Rs. 50 lakh in a term deposit scheme of Axis Bank at its Adyar branch in January 2012.
ADVERTISEMENT
The suspect, employed as the senior citizen assistance executive, initially helped him complete the paper work. The depositor’s son, a citizen of the United States, was the nominee.
A FIR has been registered by the Bank Fraud Wing of the CCB.
This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every
month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
You have read {{data.cm.views}} out of {{data.cm.maxViews}} free articles.
This is your last free article.