Couple booked for siphoning off customers’ loans

Couple booked for siphoning off customers’ loans
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VADODARA: A former contractual staffer of State Bank of India (SBI) and his wife were booked for taking loans to the tune of Rs 8.6 lakh by forging signatures and submitting fake documents.

The accused Jignesh Mali had first taken a loan of Rs 1.6 lakh in 2015 against fixed deposits of a customer. Mali activated the customer’s netbanking services, siphoned the amount and then transferred the money to his wife Rekha’s bank accounts through netbanking. The customer and the officials of the bank’s personal banking branch at Race Course Road learnt about the loans when her fixed deposits matured in July 2017. By then Mali had left the job, but on contacting him, he repaid the amount within couple of days.

Suspecting that he may have taken loans against other customers’ fixed deposits, the bank conducted an investigation. Rekha, who claimed to be a lab technician at ESI Hospital, also had her account in the same branch. When the bank officials checked her account, they learnt that in November 2014 Mali had issued an express credit loan of Rs seven lakh to her by submitting fake documents. When the documents were checked, it was revealed that she never worked at ESI Hospital and her all documents which had signatures of officials of hospital were all forged. Rekha had, however, repaid her loan by March 2017, but the installments were irregular.

Police said that Mali had committed irregularities while performing additional duties of making online entries at the branch. Originally, he was recruited on contract for starting demat accounts of customers.

An offence was registered against the couple at Gorwa police station on Saturday for cheating the bank and its customers and forging documents.

Source: The Banking & Finance Post  Entrepreneur India

2019-05-16T15:49:28+00:00

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