CBI files complaint against 4 Allahabad Bank employees

The Central Bureau of Investigation (CBI) has registered an FIR against four Allahabad Bank employees and others in connection with the Allahabad Bank fraud case in which the bank had suffered a loss of Rs 1.6 crore.

The accused allegedly closed a customer's fixed deposit (FD) worth Rs 1.5 crore and then misappropriated the proceeds by diverting them to other accounts, including those of one of the accused, stated the FIR.

The accused, identified as Arun Deshpande, senior manager, Pallavi Mukherji, Nisha Prakash and Gayatri Pradhan have been booked for criminal conspiracy and criminal breach of trust, and criminal misconduct by a public servant to probe the fraud.

According to the FIR, National Insurance Academy (NIA) in Pune, in the year 2012, had opened the FD in Hinjewadi branch of Allahabad Bank, and the FD was about to mature in the year 2014. However, the accused, in the year 2012-13, fraudulently and prematurely closed the FD. Sources said one of the accused then transferred around Rs 1.48 crore in another bank employee's account and other bank account that remained closed after deductions, the FIR stated.

"With the intention of camouflaging the fraud, one of the accused continued paying the quarterly interest payments from other two accounts in the bank to NIA to avoid the suspicion. Due to the fraud, the bank incurred loss of Rs 1.6 crore. We have registered a case and would soon question the employees," said a CBI officer.