9 bank officials suspended for misappropriation of funds

Image
Press Trust of India Muzaffarnagar
Last Updated : Jan 17 2015 | 2:38 PM IST
Nine bank officials, including the branch managers, of two co-operative banks in Shamli district have been suspended on charges of getting loans sanctioned by illegal means.
Babri Branch manager Himanshu Kumar, cashier Mukesh Kumar Shrivastav and peon Deepak Kumar were suspended yesterday for allegedly misappropriating Rs 2,25,28,039 cash against forged loans, a bank official said.
Lallu Kheri Branch manager, along with five other officials, were sacked on charges of fraud worth Rs 7 lakh rupees, the official added.
While cases against Himanshu and two other Babri branch staff were already registered on January 10.
*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: Jan 17 2015 | 2:37 PM IST

Next Story