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Branch manager of Co-operative Bank suspended for committing fraud
Sangeeta | 19 Apr 2012

A Branch Manager of the Jhajjar Central Cooperative Bank Limited has been placed under suspension with immediate effect by the Jhajjar deputy commissioner (DC) for allegedly committing financial irregularities in saving accounts of the bank. The DC has also handed over the case to the district police authorities for further action in this regard as per Indian Penal Code (IPC).

A Branch Manager of the Jhajjar Central Cooperative Bank Limited has been placed under suspension with immediate effect by the Jhajjar deputy commissioner (DC) for allegedly committing financial irregularities in saving accounts of the bank. The DC has also handed over the case to the district police authorities for further action in this regard as per Indian Penal Code (IPC).

The accused Dalbir Singh was posted at Chhara village branch of the bank in Jhajjar district. Now, Balbir Singh has been assigned the duty of Chhara Branch Manager in place of Dalbir.

According to information, the bank officials had detected a fraud of Rs 57.87 Lakh in Chhara Branch during a routine checking in the financial year 2011-12. The officials reportedly found involvement of the branch manager Daljeet Singh in the fraud when the preliminary investigation was conducted into the matter.

“Though Daljeet Singh had later deposited an amount of Rs 47.46 lakh in the accounts concerned but the bank officials lodged a complaint with the police against him for allegedly committing financial irregularities of Rs 11.38 lakh by misusing the power of manager,” said the DC, Ajit Balaji Joshi.

Taking a cognizance of the matter, Joshi ordered Bahadurgarh BDPO Ekbal Singh Rathi to carry out preliminary investigation of the matter along with higher officers of the bank so that action could be taken against the erring persons.

“During the preliminary investigation, the committee detected the financial irregularities in the branch and recommended the matter for depth investigation to ascertain the involvement of all guilty persons in this regard,” said the DC, adding that another committee comprising the Branch Manager Balbir Singh, Development Officer RP Singh and Establishment Officer Sukhbir Singh had started detail investigation into the case.

Meanwhile, Devender Dangi, PRO of the Jhajjar Police, said that a case under sections 409, 420,467, 468 and 471 of the IPC had been registered against the accused Daljeet Singh on the complaint of the bank officer Sukhbir Singh in this regard. The Mandhothi Police was still investigating the matter from various angles, he added.

(EoM)