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BoB official in Mumbai held for siphoning money from fixed deposits accounts

A former Bank of Baroda (BoB) official has been arrested for allegedly siphoning off money from fixed deposit accounts of customers. Niket Kumar, the accused, was working as a "single-window" operator at the Colaba branch of BoB in south Mumbai. "He allegedly transferred a total of Rs 29.5 lakh from 18 Fixed Deposit (FD) and recurring accounts of customers to his friend's account between 2015-17," a police official said. The embezzlement came to light when a customer recently approached the bank to claim his FD upon maturity and found that the amount was missing. 

Read More at The New Indian Express News date : 11 Feb 2019, Monday

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