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Noida Bank Employee Accused Of Illegally Transferring Rs 28.07 Crore To Family Accounts

A fraud case has been registered against him, along with his wife Bhumika Sharma, his mother Seema Sharma, and others, by Noida's Sector 24 police.

Edited By : News24 Desk | Updated: Dec 20, 2023 21:19 IST
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Cyberfraud
Cyber fraud

The assistant manager of South Indian Bank, Rahul Sharma, has been accused of transferring Rs 28.07 crore to the accounts of his wife, mother, and other associates. A fraud case has been registered against him, along with his wife Bhumika Sharma, his mother Seema Sharma, and others, by Noida’s Sector 24 police. The case was initiated after the bank’s regional Deputy General Manager (DGM) reported the incident to the authorities

Ranjit R Nayer informed the police that he had received complaints from the Sector 22 branch in recent days. A vigilance probe revealed that Rahul Sharma had transferred Rs 28.07 crore from the account of a company named Electronics Research Foundation into the accounts of his wife and mother. The company had sent three emails to the bank, notifying them of unauthorized transactions.

Rahul Sharma, the accused, is a permanent resident of Rohtak, Haryana, and is presently residing with his family in Noida’s Sector 27. The police have registered the case, and an investigation into the accused’s accounts is underway. Additional individuals implicated in the case are anticipated to be interrogated soon.

This development follows a previous incident in which four individuals were apprehended for transferring and withdrawing Rs 10 crore from inactive bank accounts in Agra.
The police arrested four men, including the bank’s ex-branch manager and an ex-sales executive, who helped in hatching the plan. The transactions were done from inactive accounts of Bandhan Bank on Fatehabad Road over the last two years. When an account holder complained to the police, the situation was brought to light.

Also Read: Criminal Law Bills To Replace IPC, CrPC & Evidence Act Passed In The Lok Sabha

First published on: Dec 20, 2023 08:44 PM IST

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