SBI clerk booked for ₹1.12-crore fraud in Sangrur

SANGRUR A former clerk of State Bank of India (SBI) has been booked for allegedly defrauding customers of ₹1.12 crore. The accused, Sunil Jain of Sangrur, is already in jail in another case of alleged fraud of ₹1.1 crore registered on February 17, last year. In the latest case, the police booked Jain for misusing customers’ money to get subsidy benefits under the Prime Minister Employment Generation Programme. The police said the vigilance wing of the bank detected the pilferage that took place between April 2014 and April 2016. “The accused siphoned off money from customers’ accounts and transferred it to the account of his wife and servant. He also took two loans of ₹23. 75 lakh each to avail subsidy of ₹8.75 lakh,” said Gurtej Singh, investigating officer, city police station.