Senior bank manager held for Rs 3.7-crore embezzlement
Transferred money from the bank account of the Agriculture Produce and Marketing Committee to a woman's account without authorisation
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A Senior Bank Manager of Bank of Baroda’s Kasumpti branch has been arrested for allegedly embezzling around Rs 3.7 crore, the police said here today. According to the police, the accused, Ankit Rathore, had on August 22 and 27 transferred Rs 3.7 crore from the bank account of the Agriculture Produce and Marketing Committee (APMC) to the account of a woman without authorisation. The amount was then withdrawn through various bank transactions as well as in cash.
Later, a case under Section 316(5) of Bharatiya Nyaya Sanhita (BNS) 2023 was registered against Rathore on a complaint filed by the Deputy Regional Manager of the bank and an investigation was initiated into the matter.
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The police arrested Rathore after a court rejected his anticipatory bail application. The police said that the accused was presented in a court, which sent him to judicial custody for 14 days.
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