BHOPAL: CBI has registered a case against the former Branch Manager of State Bank of India, Khajrana Square Branch in Indore for allegedly causing a loss of Rs 11.84 crore to the bank. The CBI sleuths conducted searches at the premises of the accused in Indore on Thursday. The amount was disbursed through Overdraft facilities in 18 Overdraft (OD) Accounts in the name of fictitious persons between 2018 and 2021.
The then branch manager Sweety Suneria had sanctioned the amount in the name of her husband Ashish Saluja and others and caused huge losses to the bank.
The case has been registered against a private person, unknown persons, on the allegations that the public servant perpetrated the fraud on the bank by illegally sanctioning and disbursing the bank funds of Rs 11,84,71,217/- (approx) . The amount was disbursed through Overdraft facilities in 18 Overdraft (OD) Accounts in the name of fictitious persons and fraudulently marking a Lien on Fixed Deposits of bank customers during the period† 2018 to 2021.
It was further alleged that the public servant routed the misappropriated bank funds through different bank accounts which were received in the various bank accounts of her husband and her family members. The said bank funds were allegedly invested in the security/stock market and elsewhere.
An alleged loss of Rs 11,84,71,217/- (approx) was caused to the Bank. It was also stated that one of the bank customers requested for renewal of the FD, who thereupon found the said FD was marked as lien/collateral security against one to OD Account but the customer denied any consent/ information towards the lien/collateral security or having connection/knowledge of the OD account holder.
Searches were conducted at four places in Indore at the premises of the accused which led to recovery of incriminating documents. Investigation was on when the report was last filed.