CBI books PNB cashier, others for alleged illegal transfer of funds of a business entity
An illegal transfer of Rs. 4.98 crores from the account of a business entity maintaining a cash credit account at PNB was reported
New Delhi, May 17
The Central Bureau of Investigation (CBI) has registered a case against one Head Cashier of Punjab National Bank from Hapur in UP.
The agency also booked a private person and unknown persons on allegations of illegal transfer of Rs. 4.98 crores from the account of a business entity maintaining a cash credit account at PNB, LCB Branch, Bhopal.
The case was registered on the basis of complaint alleging therein that the Head Cashier of PNB, Delhi Road Branch, Hapur in conspiracy with the private persons illegally merged the Cash Credit Account of the Business entity with the firm of the private person and an amount of Rs. 4.98 crore was transferred to various accounts through internet banking causing a corresponding loss to the Punjab National Bank.
The CBI also conducted searches at the premises of accused at Hapur which led to recovery of incriminating documents.
