Bank manager embroiled in Rs 3.7-cr fraud

Tribune News Service

Shimla, Updated At : 02:30 AM Sep 13, 2025 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

A senior manager at a Bank of Baroda branch in Shimla has been accused of transferring Rs 3.70 crore from an institutional account to a woman’s account without authorisation. The funds were subsequently withdrawn through various accounts and cash transactions. An FIR has been registered under Section 316(5) of the Bharatiya Nyaya Sanhita at Chhota Shimla police station on the complaint of a deputy regional manager of the bank.

As per the complaint, the unauthorised transactions occurred on August 22 and August 27. When the matter came to light, the bank management took swift action and approximately Rs 90.95 lakh remaining in the account has been frozen by the police.

The case is currently under investigation, with authorities working to recover the embezzled funds.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles