UditVani, Jamshedpur : A case of large-scale financial fraud has been registered against the branch manager of Bank of India, Gua.
During a special audit, it was revealed that the manager had embezzled more than ₹2 crore from the account of a unit named “Cell”.
The audit found that the funds were illegally transferred to other accounts without the mandatory approvals or authorization.
This fraudulent activity came to light only after the detailed scrutiny of records.
Authorities have lodged a formal case against the branch manager, and further investigation is underway to trace the money trail and identify whether more individuals were involved in the embezzlement.
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