India News | CBI Arrests SBI Official for Misappropriating Funds of Rs 5.22 Crore

New Delhi, Sep 5 (PTI) The CBI has arrested a cash in-charge of State Bank of India for allegedly misappropriating funds of about Rs 5.22 crore from Narsapur branch in Medak, Telangana, officials said Monday.

The central agency had received a complaint from AGM of the bank that A Nagender, senior associate and cash in-charge at the branch, had misappropriated bank funds in three tranches, they said.

Also Read | Gujarat Assembly Elections 2022: Rahul Gandhi Promises Loan Waiver and Free Electricity to Farmers, LPG Cylinder at Rs 500.

The bank alleged that the accused official misappropriated cash of Rs 2.32 crore; gold ornaments valued at Rs 72 lakh (approx.) and cash amounting to Rs 2.19 crore (approx.) from three ATMs causing a loss of Rs. 5.22 crore to the bank.

The CBI had filed an FIR against the accused and conducted searches at his premises at Narsapur, Medak district, leading to recovery of incriminating documents, the officials said.

Also Read | Delhi Liquor Scam: Manish Sisodia Says CBI Officer Committed Suicide Due to Pressure to Frame Him; Agency Refutes Charge.

"The arrested accused was produced before the special judge, CBI cases, Hyderabad and remanded to judicial custody up to September 17, 2022," a CBI statement said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)