A CBI clerk in CBI net with fraud case of over Rs 4 Cr
The first CBI stands for Central bank of India and the second CBI stands for the Central Bureau of Investigation.
The CBI – the investigation kind registered a case against a Cashier-cum-Clerk of CBI – the banking kind.
It is alleged that during his posting at Branch Office Sultanwind Road Amritsar form 01/02/1990 to 23/02/1995, as Computer Terminal Operator (CTO), he was doing the work of pension department which included preparation of pension scroll, posting of pension in pensioners account, sending Inter Branch Credit Advice (IBCA) to link branch for reimbursement. The accused was having power to post the voucher up to any amount. He used to get two scrolls prepared out of which one was of actual amount of pension paid & was to be retained in the branch as office copy and another showing higher amount showing payment of arrears was being sent to link branch Katra Ahluwalia , Amritsar for reimbursement. In order to commit the fraud, he was showing fake arrears of pension in the account of pensioners. For this purpose, he was withdrawing the amount from the nominal head of the branch and was crediting the same in his account and in the name of his relatives & friends because no arrears were due towards the pensioners. For crediting the amount, no vouchers were being prepared by him as required. The amount of inflated pensions paid and IBCA raised with this amount was being sent to link branch and link branch used to reimburse the amount after getting it from SBI .
Thus, the accused person in conspiracy with others abused his official position and misappropriated an amount of Rs.4 ,05,36,380 /- (approx.) which caused wrongful loss to the bank and corresponding gain to himself and others.
See how easy it is to cheat the system - a small clerk could steal Rs. 4 Crores from the system from a protected bank!.
Are our GST Babus ready to face such challenges?