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Home > Mumbai > Mumbai News > Article > SBI employee held for fraud of Rs 14 lakh

SBI employee held for fraud of Rs 1.4 lakh

Updated on: 28 November,2011 07:32 AM IST  | 
Imran Gowhar |

A woman staff member of State Bank of India has been accused of stealing money from the Western Union Money Transfer facility of the bank by forging some documents of customers

SBI employee held for fraud of Rs 1.4 lakh

Au00a0woman staff member of State Bank of India has been accused of stealing money from the Western Union Money Transfer facility of the bank by forging some documents of customers.
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The matter came to lightu00a0 after a year during an internal audit of the bank, by then she had robbed the bank of Rs 1.4 lakh. M Anand, divisional manager of State Bank of India's Richmond Town branch, has filed a cheating compliant against N N Hemavathi, the accused.


Representation pic

Unique code
The bank has the Western Union Money transfer facility for customers for instant money transactions from around the globe. The banku00a0 provides a unique 10-digit MTCN code number to the customer who avails this facility, which is known only to the sender and the receiver. The receiver would have to present the number to withdraw the amount from any of the bank's branch across the globe.

"The accused, Hemavathi, used to generate fake numbers by forging the documents to withdrawu00a0 money. She withdrew around Rs 1.4 lakh in phases in the past one year," said Anand. He also added that Hemavathi preferred to withdraw less then Rs 50,000 every time since withdrawalu00a0 above Rs 50,000 was not possible as per the rules. Being the in-charge, Hemavathi knew the procedure and began withdrawing money less than Rs 50,000. The scam came to light during the annual bank audit where several code numbers entered in the bank account to withdraw amount were found to be fake.

Breach of trust
"The matter was brought to the senior officials who questioned Hemavathi. She confessedu00a0 to the crime. We have initiated disciplinary action against her for breach of trust and cheating. We want the police to take necessary action," said M Anand, Divisional Manager, SBI. The Sampangiram Nagar police have registered a case against her on November 17 and are investigating the matter now.




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