The bank manager has not been caught by the police yet.
Kozhikode: A news of fraud by a bank branch manager from Kerala has come to light which will shake your mind. The bank manager had done the fraud so cleverly that it took the bank several days to catch it. According to reports, the Vadakara police of Kozhikode district of the state have registered a case against the former branch manager on the basis of a complaint by the new manager of the Vadakara branch of Bank of Maharashtra. Let us tell you that even after the transfer, the branch manager who committed the fraud did not join the new place.
This is how the secret of this big fraud case was revealed
Irshad, the new manager of the Vadakara branch, found something fishy when he saw the pledged gold. It was revealed that the gold kept in the bank was artificial gold. As soon as the matter came to light, there was an uproar and when the investigation was done, it was found that it was a big scam. After this, Irshad contacted the police. Madhu Jayakumar, a resident of Tamil Nadu, was the manager of the Vadakara branch of Bank of Maharashtra and he was transferred to the Kochi branch, while Irshad took over the work of the Vadakara branch.
Gold worth Rs 17 crore replaced
Even after several days, Jaikumar did not join his new posting and during this time Irshad found some serious discrepancy in the pledged gold. According to the investigation, out of the 26 kg of pledged gold, gold worth Rs 17 crore was found to be fake, that is, a large amount of gold was replaced. The police have registered a case and Jaikumar’s mobile phone was found switched off. He has not been traced yet. The police are also surprised that how a single person can commit such a huge fraud. The police will soon record the statements of all the employees of the Vadakara branch in this entire case. (IANS)
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