FOR­MER BANK CASHIER GETS 4 YEARS JAIL FOR SWINDLING CASH

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - NAVI MUMBAI -

THANE: A lo­cal court on Wed­nes­day sen­tenced a for­mer cashier of a co-oper­a­tive bank in the dis­trict to four years of rig­or­ous im­pris­on­ment for si­phon­ing off Rs5.65 lakh from the bank’s cof­fers for per­sonal use.

Thane chief ju­di­cial mag­is­trate RM Kulka­rni, who awarded the sen­tence to Arun Salve, 60, also im­posed a fine of Rs 10,000 on him.

The ac­cused was posted as a cashier at the Ghan­soli branch of Thane Dis­trict Cen­tral Co-oper­a­tive Bank be­tween May 1998 and Septem­ber 1998, dur­ing which he swin­dled the money for his per­sonal use, as­sis­tant public prose­cu­tor Eknath B Dhamal told the court.

The prose­cu­tor said t he ac­cused mis­ap­pro­pri­ated a to­tal sum of Rs5.65 lakh dur­ing this pe­riod. “Based on a com­plaint filed by the then bank man­ager, an of­fence was reg­is­tered against Salve who was ar­rested. Dur­ing the trial, as many as 11 wit­nesses were ex­am­ined by the pros­e­cu­tion,” Dhamal said.

The court was told that it was on Septem­ber 26, 1998, when the bank had opened for the day’s op­er­a­tions, the man­ager no­ticed cus­tomers to be stand­ing be­fore the cash counter shout­ing at the cashier. Al­though they wanted cash, the ac­cused was re­peat­edly telling them that there was no cash in the bank.

The man­ager got sus­pi­cious as there was suf­fi­cient cash given to the cashier for daily trans­ac­tions. Fol­low­ing an in­quiry, it came to light that Salve, who was in dire need of cash, had kept the bank money with him­self. The bank au­di­tor and man­ager later found that cash of Rs5,65,000 had gone miss­ing from the trea­sury.

The mag­is­trate told him that within two months he should re­turn Rs5.65 to the bank with 10 per cent in­ter­est from the date of crime.

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