Malpractices worth Rs 2.5 crore: Bank employee suspended over Kozhikode Corp’s complaint


Kozhikode corporation | Photo: Mathrubhumi

Kozhikode: Kozhikode Corporation has stated that Rs 2.5 crore has been illicitly withdrawn from its various accounts of Punjab National Bank (PNB).

The accusation comes a day after it had filed a police complaint against PNB’s employee of swindling more than Rs 98 lakh. The accused is former branch manager and he has been suspended over the matter.

The Corporation has 13 accounts with PNB Link Road Branch. The alleged that unlawful activities came out on Corporation's review of bank statement after an attempt to transfer fund.

The Corporation had to transfer Rs 4,82,675. The account balance was Rs 2,77,068 and review on bank statement showed that from October 12 to November 1, a total of Rs 98,59,556 was withdrawn.

The Corporation intimated the bank that Rs 98,59,556 was withdrawn without any intimation. Following that, the amount was re-credited by the bank and authorities said it was a mistake. They also provided the account details of the same.

Later, Corporation’s e-payment account details had to be reviewed for another fund transfer. Rs 2,53,39,556 was found to be illegally withdrawn, a Corporation official said. A complaint was lodged. Meanwhile, the present branch manger too filed a complaint against the former manager who has been suspended.


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