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Co-operative bank CEO booked for tampering with bank account

Press Trust of India  |  Thane 

The of a here has been booked for allegedly tampering with the account of a customer and sanctioning 25.60 crore to 16 companies, police said today.

The was booked yesterday under IPC sections related to cheating and forgery, among others, on the basis of a complaint filed by the customer, a based in town, they said.

According to police, the complainant had facility with the to the tune of Rs 6 crore. He had also pledged his property documents with the bank.

The allegedly misused these documents and tampered with the businessman's account to fraudulently sanction Rs 25.60 crore under facility to 16 companies, police said.

The fraud was going on since March 2015, but came to light recently, they said, adding no arrest has been made so far.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 12:20 IST