The Central Bureau of Investigation has registered a case on a complaint against the then Branch Manager, State Bank of India, Khajrana Square Branch, Indore (Madhya Pradesh) and others including a private person, unknown persons on the allegations that the said public servant perpetrated the fraud on the bank by illegally sanctioning and disbursing the bank funds of Rs 11,84,71,217 (approx) through Overdraft facilities in 18 Overdraft (OD) Accounts in the name of fictitious persons & fraudulently marking a Lien on Fixed Deposits of bank customers during the period 2018 to 2021.
It was further alleged that the said 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 security/stock market and elsewhere. An alleged loss of Rs 11,84,71,217 (approx.) was caused to the Bank. It was also alleged 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.