Police case against bank employee for defrauding bank

Police case against bank employee for defrauding bank

Submitted by alvin on Wed, 2016-06-29 18:41 Kasaragod: A police case has been registered against a 27-year-old female employee of Kerala Gramin Bank (KGB) for withdrawing Rs1.61 lakh by illegally accessing ATM cards and passwords of three bank customers.The Bedakam police registered case against bank peon Manjusha Raj, 27, an employee at the bank’s Munnad branch in Kasaragod, who has been suspended from service. The employee reportedly has returned the money to the bank.The employee was able to defraud the bank taking advantage of a loophole: while ATM cards of other banks are despatched through post, cards of KGB customers are routed through the bank manager.The accused withdrew cash from three bank accounts using the password details that reached the bank in sealed envelopes attached to the ATM cards.The incident came to light after a customer noticed that his account did not have sufficient balance. Later, it was found that money had been withdrawn from three accounts even though the customers had not been issued ATM cards from the bank.