Fraud in Canara Bank  – Hunt on for Bank Staff for Rs 8-Crore Fraud

Fraud in Canara Bank  – Staff of Canara bank in Pathanamthitta, Kottayam, who is allegedly involved in a Rs 8.13 crore fraud is absconding since the Canara Bank authorities found out irregularities in the funds. The name of the staff is Vijish Varghese, 36, of Avaneeswaram who is absconding. The bank authorities had filed a complaint with Pathanamthitta police and had also sought a CBI probe. The bank has settled the fraud amount of the customers.

The bank has suspended five staffs of the branch, including the Branch Manager, for failing to notice the fraud.

The fraud came in to the notice in February, 2021 when a customer complaint to the bank about closure of a fixd deposit of Rs 9.70 lakh, which was closed without the knowledge of the accountholder. This lead to the investigation by the bank officials. An audit done by the officials found out the loss amounting to crores from the branch. According to police, the accused had misused the computer of the branch manager in his absence to carry out the fraud.

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The money was transferred to the account of his wife and relatives. The person had gone absconding with his wife and children ever since the bank began a probe.