Bansepur bank fraud: Court sends cashier to police custody, manager at large

Mohali, February 16

The police said that they have received over 30 complaints, amounting to Rs 10 crores, against the Bansepur branch officials of the Axis Bank, adding that the prime suspect is moving funds from one account to another to evade seizure.

A special team of senior bank officials visited the branch today to probe the ‘misappropriation’ going on in the branch for three-four months. After the probe, officials of the bank submitted details of the case to the police today.

Bank officials have remained tight-lipped over the issue. A few customers alleged that they came to know of the ‘theft’ by seeking their account details from other branches. For the past two days, worried account holders have been visiting the branch to get an update about their funds.

Branch manager Gaurav Sharma, a native of Pathankot, is absconding, and the cashier, Sujeet Kumar, 30, a native of Himachal Pradesh (HP), was produced in court today and sent to four-day police custody.

The police said Gaurav had taken Rs 40 lakhs from his parents to invest in a property. He had bought an SUV recently and has fled with the temporary registration number vehicle on February 14. Cops suspect the role of his domestic help who also has an account here. “We are inquiring the local real estate dealers and other firms to ascertain if the suspect had invested there or not. If need be proceedings to issue a lookout circular (LOC) would be done soon,” said police

On the basis of a complaint by the officiating branch manager, Vikas Sood, a case has been registered against the duo under Sections 381, 409, and 120-B of the IPC at the Mullanpur police station.