State Bank’s staff arrested for swindling money deposited by cathedral

City Crime Branch police have arrested a bank employee at State Bank of India’s MRC Nagar branch for committing ¬†a fraud with the bank deposits¬†held by San Thome Cathedral.

Raji Rao is said to have swindled Rs.2.3 crores of the cathedral’s fixed deposit by pre-closing the FDs without the knowledge of the account holder, channeling them to a few current accounts and finally into an account she held.

The bank’s manager and the priest at the cathedral had lodged a complaint with the police and Raji was arrested by the police on Thursday; she has been remanded to judicial custody.

Police said Raji had forged the signature of the account holder to swindle the money.

This entry was posted on Saturday, September 24th, 2016 and is filed under Crime, Law & Order. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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