Three staffers swindle bank of Rs 17 lakh, booked

HYDERABAD: An amount of Rs 17 lakh was misappropriated from State Bank of India Shamshabad branch and a case was filed against the cashier and a couple of employees of the bank.
Cyberabad police stepped in after the branch manager approached them. After an internal audit recently, the bank manager found that 17,04,000 had been swindled. "A lot of lapses have been found during the audit.Some of the amounts have been reversed to the accounts after making payments. There were instances of amounts not reflecting in the accounts after cash was withdrawn," said Rajiv Gandhi International Airport (RGIA) police inspector A Gangadhar.
Sources said the bank officials conducted an internal probe and later approached the cops, given the magnitude of the money being misappropriated by the accused. A case was registered under sections 409 (criminal breach of trust by public servant, banker, merchant or agent) and 420 (cheating) of IPC. "We are investigating the case from all angles. We will arrest the culprits soon," Gangadhar added.