Andhra Bank cashier pock­ets `1.71 crore

Deccan Chronicle - - CITY -

The Cen­tral Bureau of In­ves­ti­ga­tion has reg­is­tered a case against an of­fi­cial of the Andhra Bank, Cheep­ur­palli Branch, in Viziana­garam for cheat­ing and dup­ing the bank of `1.71 crore.

Ac­cord­ing to CBI of­fi­cials, the case was reg­is­tered against V. San­toshi Ramu, clerk-cum­cashier of the bank be­tween July 2015 and July 2017. Dur­ing his ten­ure, he mis­ap­pro­pri­ated money de­posited by the Cheep­u­rur­palli Ru­ral Elec­tric Co­op­er­a­tive So­ci­ety Lim­ited (CRECS).

The CRECS col­lects cash from elec­tric­ity con­sumers on be­half of the AP East­ern Power Dis­tri­bu­tion Com­pany Lim­ited (APEPDCL).

The so­ci­ety would de­posit the money col­lected for elec­tric­ity con­sump­tion charges into its ac­count and the bank was sup­posed to give an elec­tronic re­ceipt soon af­ter the de­posit was made and si­mul­ta­ne­ously make an en­try in the records.

“In­stead of ob­tain­ing the elec­tronic re­ceipt, the so­ci­ety re­quested for a man­ual re­ceipt for cash de­posits as it claimed that the ink on the elec­tronic re­ceipt would fade away and this would make rec­on­cil­i­a­tion dif­fi­cult.” said Mr S.B. Sankar, su­per­in­ten­dent of po­lice, CBI, Visakha­p­at­nam.

Cash­ing in on the op­por­tu­nity, San­toshi Ramu, be­tween Jan­uary and July 2017 mis­ap­pro­pri­ated `1,71,41,162 de­posited by CRECS in 167 in­stances. He also fal­si­fied the ac­counts of the branch. In 133 in­stances, the so­ci­ety de­posited an amount of `64,45,580 but San­toshi cred­ited the amount on later dates.

The CBI reg­is­tered a case un­der var­i­ous Sec­tions of the IPC and PC Act, 1988 against him.

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