In a shocking incident, a scam of about Rs 3 crore came to light at Prathipadu branch of the State Bank of Hyderabad (SBH) in East Godavari district on Friday.

According to police, "during the quarterly internal audits, the bank officials found that the bank assistant allegedly swindled Rs 2.67 crore by transferring the SBH amount to the accounts of his friends and relatives. On learning this, the higher officials of the bank immediately ordered a detailed internal inquiry and also lodged a complaint with the Prathipadu police. During investigation, the police found that the accused, after knowing the passwords and PIN numbers of a few account holders in the SBH, deposited the amount in the bank accounts of his relatives and friends through online cash transfer method."

The police added that they "also found that cash was transferred to the accounts of various banks in Rajamahendravaram, Amalapuram, Kakinada and other places. They already recovered Rs 1.38 crore. Meanwhile, the bank officials are inspecting all the transactions made by the accused. However, both the police and bank officials are tight-lipped over revealing any details."

“We are quite serious about this financial fraud and investigation is going on. Soon, we will reveal the details,” a senior police officer probing into the scam told Express.

Also Read: Rs. 29 Cr Fraud Unearthed In Machilipatnam Canara Bank

BY M.DIVYA SRI