Mumbai: Bank Employee Siphons Off Rs 1.51 Crore For Crypto Investment, Online Betting
Mumbai: Bank Employee Siphons Off Rs 1.51 Crore For Crypto Investment, Online Betting
According to the police, an FIR was filed by a senior official of the bank, stating that the accused transferred the bank's money to his personal account and the accounts of his accomplices, illegally

A clerk working central processing department of a co-operative bank in Mumbai was booked by the Kalachowki police for misappropriating funds worth Rs 1.51 crore.

The money was allegedly used for online betting and investing in cryptocurrency, by the accused identified as Jayesh Namdev Goankar, that led to huge losses for the bank.

According to the police, an FIR was filed by a senior official of the bank, stating that the accused transferred the bank’s money to his personal account and the accounts of his accomplices, illegally.

“The accused downloaded various betting apps on his phone and using the bank’s login and password got access to the bank’s accounts and siphoned off money into eight private accounts,” police officials told Times of India.

The cops are currently investigating the matter but the accused is currently untraceable.

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