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    Bank manager linked to Bihar scam held in TN

    The Central Bureau of Investigation arrested Chief Manager of Indian Bank, Zonal Office, Karaikudi, Sivaganga district in connection with a Rs 8.79 crore fraud which he allegedly committed when he was the branch manager of Bhagalpur branch in Bihar.

    Bank manager linked to Bihar scam held in TN
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    Chennai

    The accused was identified as Deo Shankar Mishra. He was produced before the Chief Judicial Magistrate, Karaikudi and was placed on transit remand of three days. He will be produced in the CBI Special Judge in Patna.


    The case was registered in August 2017 under various IPC sections, including criminal conspiracy and cheating, based on a request from the Bihar government, on the allegations of fraudulent diversion of government funds from the accounts of deputy development commissioner cum chief executive officer, Zila Parishad, Bhagalpur during the period from 2009 to 2017.


    It was alleged that Deo Shankar Mishra had passed the transaction of Rs 8.79 crore and diverted the proceeds of the account of DDC cum CEO, Bhagalpur to the account of Srijan Mahila Vikas Sahyog Samiti Ltd., Sabour, Bhagalpur. CBI has registered multiple cases against Srijan Mahila Vikas Sahyog Samiti Limited, its office-bearers and others, including bank managers and government officials for alleged diversion and misuse of government funds.

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