Three SBI officials held for over Rs 1 cr scam

Between the period 2004 and 2011, the accused transferred the money their own accounts and withdrew it

The CBI has arrested three State Bank of India (SBI) officers for their alleged involvement in siphoning off money to the tune of Rs 1.35 crore from Non-Resident Indian (NRI) accounts, sources said today.

Anup Rajurkar, the alleged mastermind and in-charge of NRI section of the main branch, deputy manager Prakash Bhalkar and senior executive Mamata Motwani were yesterday apprehended for fraudulently withdrawing the money from NRI accounts, they said.

Between the period 2004 and 2011, Rajurkar allegedly provided fake receipts to the NRI bank account holders, transferred the money to his own account and later withdrew the same.

The scam was unearthed two years back, they said, adding that the bank authorities conducted an internal inquiry before lodging a formal complaint with CBI in July, 2011.

Rajurkar was then placed under suspension by SBI pending inquiry against him.

CBI yesterday produced the trio in a designated court here and obtained three-day police custodial remand (PCR), sources said.