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Home > News > India News > Article > RBI man siphons off Rs 4 lakh from employees PF

RBI man siphons off Rs 4 lakh from employee's PF

Updated on: 22 August,2011 08:55 AM IST  | 
Imran Gowhar |

The deputy manager of Reserve Bank of India is in the dock for pocketing Rs 4 lakh, which was actually the Provident Fund (PF) of the employees

RBI man siphons off  Rs 4 lakh from employee's PF

The deputy manager of Reserve Bank of India is in the dock for pocketing Rs 4 lakh, which was actually the Provident Fund (PF) of the employees.

Senior manager of Bharatiya Reserve Bank Mudrank S Satanarayana, has filed a complaint against Niranjan Tippa for misappropriation.

According to him, Tippa was in charge of the PF section, apart from handling other sectors. The scam came to light during the bank's annual audit and officials found that Rs 2.94 lakh and Rs 1.3 lakh went missing in August and November 2010 respectively.

When they enquired with Tippa, he failed to give them any details about the missing amounts."He was kept under suspension and a criminal case was filed against him," Satyanarayana informed.

The Tilak Nagar Police has filed a case of criminal breach of trust and is not investigating the matter. PI Kalyan Shetty said, "A case has been booked and we have initiated investigations. We are yet to ascertain where the money has gone from the bank account."




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