The assistant manager of South Indian Bank, Rahul Sharma, has been accused of transferring Rs 28.07 crore to the accounts of his wife, mother, and other associates. A fraud case has been registered against him, along with his wife Bhumika Sharma, his mother Seema Sharma, and others, by Noida’s Sector 24 police. A vigilance probe revealed that Rahul Sharma had transferred Rs 28.07 crore from the account of a company named Electronics Research Foundation into the accounts of his wife and mother. This development follows a previous incident in which four individuals were apprehended for transferring and withdrawing Rs 10 crore from inactive bank accounts in Agra. The transactions were done from inactive accounts of Bandhan Bank on Fatehabad Road over the last two years.

Source: News 24 December 20, 2023 22:10 UTC