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Man arrested for embezzling crores of rupees in private bank

Police have arrested a man in connection with the case of swindling crores of rupees by misappropriating the account of a leading private bank. Sajid (36), son of Ali Akbar of Sajeeb Manzil in Konchira Pokkunnil in Vembayam in Thiruvananthapuram, was arrested by the sakthikulangara police. The money was siphoned off from the accounts of 11 people who had fixed deposits from a leading private bank in Sakthikulangara between 2016 and 2021. The fraud was committed by the bank manager of sakthikulangara branch, Sajid and five others during this period. The extent of the fraud was identified in the investigation conducted by registering a case based on a complaint lodged by the current bank manager at the Sakthikulangara police station. About Rs 1.35 crore from the 11 accounts where there was fixed deposit in the Sakthikulangara branch of a private bank was transferred to a bank account in the name of an IT company forged by the accused as an overdraft without the knowledge of the owners. The money was later distributed by the five. It was found that the IT company in which they made the money was forged and there were four more people who helped the bank manager in the fraud. The rest of the accused, including the bank manager who committed the fraud, are currently absconding in a foreign country and Sajid was arrested by the Sakthikulangara police while he was trying to go into hiding. Kollam city police chief said that the remaining accused in the case will be brought to justice soon.
Narayanan informed T.I.P.S. Sakthikulangara inspector U Vijayakumar supervised Kollam ACP GD Vijayakumar. Under the leadership of Biju, sub-inspector Asha, IV, ASIs Anil Kumar, Darwin and SCPO Srilal were present.
He was arrested by the team.