PANAJI
The Crime Branch has filed a chargesheet against former State Bank of India (SBI) treasury branch manager Rakesh Kumar for allegedly siphoning off Rs 1.89 crore from the bank.
The case, registered on April 23, 2022, was based on a complaint by Dnyaneshwar Thakre, Regional Manager (North Goa - SBI), Regional Business Office-I, Panaji. The complaint alleged that the misappropriation occurred between March 8, 2018 and June 6, 2021. Kumar is accused of allegedly debiting the Bank’s General Ledger (BGL) account and crediting the amount to his DEMAT account maintained with IIFL Securities Ltd in Mumbai, causing massive financial losses to SBI.
CB SP Rahul Gupta said that the investigation revealed that Kumar had also transferred funds from the BGL account to his personal loan accounts. “He misused his official position, falsified accounts, and dishonestly siphoned off Rs 2,23,32,055 from the SBI treasury branch account. After a detailed investigation, the case has been charge sheeted before the District and Sessions Court, Panaji,” Gupta said.
