Telangana Grameena Bank cashier's fraud case: Cops yet to ascertain loss

Hyderabad: The Moinabad police, which is investigating the cashier’s role in siphoning off depositors’ funds from the bank, suspects involvement of others in the fraud. 

The bank, which started an audit, said it will take at least 15 days to figure out the exact loss.

Ms S. Sunitha, inspector Moinabad, said that the cashier, Jaipal, has been working in the branch for the past 11 years, which helped him to get access to accounts and cash.

“Everything was clear to the depositors and the entries were made in the passbook. Bonds were also issued to the fixed deposits, but the amount was not deposited with the bank nor was it updated online,” said, adding that the accused Jaipal is absconding.

According to sources, Jaipal did not acquire properties using the siphoned funds. However, he circulated the money among his friends as loans with interest.

“He lent amounts ranging up to crores to 40 persons and they had invested it in different businesses. But none of them were aware of the source,” the police said.

Mr Ravinder Reddy, regional manager TGB, said that they have begun a complete audit of the accounts. 

“Not only was cash diverted, but he transferred money to different accounts through online transfers. The entire process may take time,” he said.

Chevella mla meets victims, assures help
Chevella MLA Kale Yadaiah met customers of the Telangana Grameena Bank who had been cheated by a cashier of the bank and assured them help. He said that justice will be done to all the depositors and each rupee will be returned to them. Mr Yadaiah also interacted with the bank officials and the auditing team.

He said that many of the victims are illiterate which is why they were easy prey for the cashier.

He told the victims that the bank is owned by the government and they need not worry about the loss of their deposits. 

“The police is investigating the case and the bank officials are also working on the details. All those who lost their money will definitely get it back. I will take up their cause with the government,” the MLA promised.

He told the police to expedite the investigation and get to the root of the fraud and nab all the persons involved and take strict action against them.