DIMAPUR, MAY 23 (MExN): Branch manager of Vijaya Bank, Tseminyu has been arrested for fraudulent withdrawal of Rs 88, 94,000 (Eighty-eight lakh ninety four thousand).
The Kohima Police, in a press statement through the Sub-Divisional Police Officer (South) & PRO said a fixed deposit of Rs 1, 01, 71,504 (One crore one lakh seventy one thousand five hundred and four) at Vijaya Bank, Kohima was transferred to Vijaya Bank, Tseminyu without the consent or knowledge of the owner.
Against this fixed deposit, the accused branch manager, identified by the police as one Yichanpemo Yanthan, who hails from Baghty, Wokha and presently residing at Oriental Colony is alleged to have forged the signature of the individual, applied for loan against the term deposit, and sanctioned the loan against the term deposit amounting to Rs 87, 50,000.
A Savings account was then opened at the Tseminyu Branch without the knowledge or consent of the owner by forging his signature and this was used in transferring and withdrawing the loan amount.
When the owner eventually came to know of the transfer, he asked for withdrawal of his fixed deposit, which was transferred to Kohima and withdrawn. With no security for the loan taken, the branch manager was told to clear the loan (totaling Rs 88, 94,000 with the interest). After some delay, the loan was ‘seemingly’ cleared, police said.
However, upon checking, it was detected that the loan was cleared only on paper but the cash amount was missing in the chest, police said.
