The CBI has registered a case against a branch manager of State Bank of India, her husband who is a private person and others on the allegations that the accused public servant perpetrated a fraud on the bank by illegally sanctioning and disbursing funds to the tune of Rs 11,84,71,217 through overdraft accounts in the name of fictitious persons.
The agency registered the case on a complaint from the SBI against the then Branch Manager, Khajrana Square Branch, Indore (Madhya Pradesh) and others including a private person and conducted searches at their premises.
The alleged fraud was committed 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, the agency said.
It was further alleged that the accused branch manager routed the misappropriated bank funds through different bank accounts which were received in the various bank accounts of her husband and her family members. Such bank funds were allegedly invested in the security/stock market and elsewhere.
“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 such OD account, but the customer denied any consent/ information towards the lien/collateral security or having connection/knowledge of the OD account holder,” it said in a statement.
Searches were conducted at the premises of the accused on Thursday at four places in Indore at the premises of the accused which led to recovery of incriminating documents, it added.
The accused persons named in the case are the then Branch Manager, SBI, Khajrana Square Branch, Indore, Sweety Suneria and her husband Ashish Saluja.