Clerk who swindled Rs 8 crore from Canara Bank’s Pathanamthitta department arrested from Bengaluru

By Express News Service
PATHANAMTHITTA: The particular investigation staff arrested 36-year-old Vijeesh Varghese, an ex-Navy particular person, who allegedly swindled Rs 8 crores from the Canara Bank’s department in Pathanamthitta city.

The district police chief R Nishanthini advised The New Indian Express that he was arrested from Bengaluru on Sunday night time and added that he will probably be dropped at Kerala on Monday.

Though the district police staff right here earlier approached the state police headquarters for handing over the inquiry into the alleged monetary fraud of over Rs 8 crore held in Canara Bank’s branch-2 in Pathanamthitta city to the Crime Branch, the particular investigation staff arrested the accused earlier than the case was handed over to the Crime Branch.

It was in February this yr, the Pathanamthitta police staff led by its inspector of police launched a hunt for 36-year-old Vijeesh Varghese, an ex-Navy particular person.

But the police couldn’t catch him thus far. He escaped alongside together with his spouse and two kids.

The police, who traced his automobile from Kochi over a month in the past, suspected that he used the automobile to espace from right here.

The accused, a local of Avaneeswaram in Pathanapuram, had been working as a clerk within the public sector financial institution since June 2019. He went lacking after the financial institution authorities detected the alleged fraud.

According to a supply with the financial institution, the accused was one of many good performing members of the department and a favorite worker of the shoppers.

“So, nobody had any doubt about him. He closed the fixed deposit account of a bank staff’s wife without knowing that that customer was the wife of the bank’s employee. The staff noticed that his wife’s fixed deposit account was closed and soon he alerted the senior officials. Then the senior officials of the bank soon checked it and found the financial fraud made by the accused. When the issue came to light, five employees of the branch including the branch manager were placed under suspension,” the supply stated.

The police obtained the criticism from the financial institution authorities on this regard on February 14, this yr.

As per the investigation staff, the accused was in command of dealing with mounted deposits on the financial institution department.

He used the system passwords to shut the mounted deposit accounts of some clients and switch the quantity to the financial institution accounts of his spouse and different kinfolk.

The department, initially of Syndicate Bank, grew to become Canara Bank put up the merger.