<p>Mangaluru: A bank manager has been accused of cheating the bank and its customers of nearly Rs 3 crore in Mangaluru. </p><p>A complaint has been filed in this regard with a CEN police station. </p><p>The complainant has alleged that from September 22, 2022, to February 7, 2024, while serving as manager of Bank of Baroda, Konaje Branch, the first accused, Derek Ajit D'Souza, allegedly sanctioned loans totaling Rs 1,44,71,000 against fixed deposits of senior citizens without their consent and transferred the money to the accounts of other accused individuals.</p><p>Despite account holders instructing to place their savings account funds in fixed deposits, the first accused, with the intention of misappropriating the money, provided them with fake handwritten fixed deposit receipts instead of computer-printed ones. He then transferred Rs 67,94,000 from their accounts to the accounts of other accused persons without actually creating fixed deposits.</p>.'Expulsion of MLAs STS, Hebbar recommended': Karnataka BJP discipline panel head.<p>The suspect engaged in malpractices at the bank, misusing a total of Rs 2,91,68,600 of public money for illegal gain. He transferred the funds to the accounts of the others namely Norbert D'Souza, Anil Prakash D'Souza, Vasant K, Taniyappa, Paul D'Souza, Yashodhar, Mahesh Kulashekhar, Ramakrishna Alva, and others, deceiving the bank and its account holders.</p><p>The bank's internal department discovered the fraud and conducted a departmental inquiry. Subsequently, some customers returned Rs 2,21,85,000 to the bank, while the remaining Rs 69,83,600 was not repaid by the accused, who used it for their own benefit.</p>
<p>Mangaluru: A bank manager has been accused of cheating the bank and its customers of nearly Rs 3 crore in Mangaluru. </p><p>A complaint has been filed in this regard with a CEN police station. </p><p>The complainant has alleged that from September 22, 2022, to February 7, 2024, while serving as manager of Bank of Baroda, Konaje Branch, the first accused, Derek Ajit D'Souza, allegedly sanctioned loans totaling Rs 1,44,71,000 against fixed deposits of senior citizens without their consent and transferred the money to the accounts of other accused individuals.</p><p>Despite account holders instructing to place their savings account funds in fixed deposits, the first accused, with the intention of misappropriating the money, provided them with fake handwritten fixed deposit receipts instead of computer-printed ones. He then transferred Rs 67,94,000 from their accounts to the accounts of other accused persons without actually creating fixed deposits.</p>.'Expulsion of MLAs STS, Hebbar recommended': Karnataka BJP discipline panel head.<p>The suspect engaged in malpractices at the bank, misusing a total of Rs 2,91,68,600 of public money for illegal gain. He transferred the funds to the accounts of the others namely Norbert D'Souza, Anil Prakash D'Souza, Vasant K, Taniyappa, Paul D'Souza, Yashodhar, Mahesh Kulashekhar, Ramakrishna Alva, and others, deceiving the bank and its account holders.</p><p>The bank's internal department discovered the fraud and conducted a departmental inquiry. Subsequently, some customers returned Rs 2,21,85,000 to the bank, while the remaining Rs 69,83,600 was not repaid by the accused, who used it for their own benefit.</p>