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Irregularities at the Punjab National Bank; Other scams are suspected

Kozhikode: More fraud is suspected in the National Bank of Punjab, where 10 crore rupees have been hijacked from the Kozhikode Corporation account. The bank is also checking whether money has been lost from other customers’ accounts. MP Rijil, the manager who stole the money, is still at large.

A fraud of over ten crore rupees was done from the account of Kozhikode Corporation in Punjab National Bank alone. Out of this, Rs 2 crore 53 lakh was found to be diverted by the manager of Punjab National Bank’s Kozhikode Link Road branch. The initial conclusion is that Rijil is behind the theft of Rs 8 crore from Kozhikode Corporation’s Kudumbashree account. It is only after a detailed examination of the company’s other accounts that further losses of money can be ascertained.

Preliminary investigations are also underway to verify whether irregularities have been committed in the accounts of other major customers. It was found that 2 crore 53 lakh rupees stolen from Rij were transferred to the accounts of relatives. It will also investigate whether other employees were behind the fraud that has been going on for years. LDF advisers will march today to the Punjab National Bank branch where the company’s money has been diverted. The opposition calls for the company secretary to be removed and for a thorough investigation into the irregularities to be carried out.

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