Demonetisation: UCO Bank suspends official for depositing over Rs 24 lakh in own account

Debbarma is the first bank official to be suspended in Tripura since the demonitisation of high-value notes on November 8

Finance Minister Arun Jaitley. Photo: PTI
Finance Minister Arun Jaitley. Photo: PTI
IANS Agartala
Last Updated : Dec 21 2016 | 10:12 AM IST

Don't want to miss the best from Business Standard?

An employee of a nationalised bank in Tripura was suspended for illegally depositing over Rs 25.44 lakh in his personal account, a top bank official said here on Tuesday.

"The Head Cashier of the Melaghar branch of the UCO Bank Dilip Debbarma was suspended on Monday by the bank's head office in Kolkata for depositing Rs 2,544,500 in his personal account after the demonetisation of old Rs 500 and Rs 1,000 notes," Zonal Manager of UCO Bank Sunil Kumar Das said.

He said that the vigilance wing of the bank is probing the matter.

"During the ongoing investigation, the accused official could not give satisfactory reply about the source of money," Das added.

Debbarma is the first bank official to be suspended in Tripura since the demonitisation of high-value notes on November 8.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 21 2016 | 10:12 AM IST

Next Story