Sirmaur Nauhradhar Co-operative Bank manager committed a fraud of 4 crores, suspended, case registered

Shimla: A case of embezzlement involving crores of rupees has been uncovered at a cooperative bank in the Sirmaur district of Himachal Pradesh. During the investigation found that the Bank Manager Jyoti Prakash has directly involved in this scam. Officers told that the Assistant Manager of Nauhradhar Co-operative Bank, is responsible for the fraud. The.

Shimla: A case of embezzlement involving crores of rupees has been uncovered at a cooperative bank in the Sirmaur district of Himachal Pradesh. During the investigation found that the Bank Manager Jyoti Prakash has directly involved in this scam. Officers told that the Assistant Manager of Nauhradhar Co-operative Bank, is responsible for the fraud.

The investigation has revealed an embezzlement of 4 crores so far, and there is a possibility that the amount may increase as the investigation progresses. After discovering these irregularities, the bank management suspended Jyoti Prakash, the Assistant Manager of the Nauhradhar branch, and reassigned him to the Shimla station. The bank management has also intensified the investigation by involving the police, who continued their investigation into the embezzlement throughout the day on Wednesday.

Police and investigation team in Bank

The District Manager of the State Cooperative Bank, Priyadarshan Pandey said that, the bank management received information about the fraud on August 3. As a result, an investigation was initiated. When irregularities were discovered, the team visited Nauhradhar on Tuesday and filed a police report.

The District Manager of the State Cooperative Bank, Priyadarshan Pandey, led a team that unexpectedly visited the Nauhradhar Bank branch on Tuesday. The investigation conducted by the team revealed that an embezzlement of 4 crores has taken place at this branch, and this amount may increase as the investigation progresses. Priyadarshan Pandey announced that the assistant manager involved in the case has been suspended and has been assigned to work in Shimla.

Customers Gathered Outside the Bank 

The Co-operative Bank is dealing with a fraud issue that has caused significant concern in the local community. A large number of people gathered at the Nauhradhar Bank after hearing about the fraud and became disruptive. The bank officials were able to explain the situation, which helped to calm the crowd.

It is alleged that the assistant management committed fraud involving the fixed deposit (FD) amounts of several individuals. Some people had deposited large sums, ranging from 20 to 25 lakh rupees, into their FD accounts. However, their accounts show a balance of zero, despite holding FD bonds. Consequently, people are worried about losing the significant capital they have entrusted to the bank.