Private bank staff siphon off farmer’s loan amount, held
Two staffers of an Axis Bank branch were on Saturday arrested for allegedly siphoning off more than `12 lakh from a farmer who availed an agriculture loan.
Published: 24th June 2018 04:11 AM | Last Updated: 24th June 2018 04:11 AM | A+A A-
The logo of Axis Bank is seen on an advertisement at its branch in Mumbai, India (File Photo | Reuters)
PUDUKKOTTAI: Two staffers of an Axis Bank branch were on Saturday arrested for allegedly siphoning off more than Rs 12 lakh from a farmer who availed an agriculture loan.
According to the police, S Ramadoss (42) of Kandharvakottai suspected something was amiss when he received a notice from the bank’s branch on East Main Road, Pudukkottai, asking him to pay interest for the `14 lakh loan. Though he had applied for a `14 lakh loan in April, only `1.52 lakh was deposited in his account. It was later found that the agri-manager at the bank, R Pravin Kumar (27), from Tiruchy, had allegedly diverted the rest of the sanctioned loan amount – `12.48 lakh– to the account of one Marimuthu using documents, RTGS forms and blank cheques he had fraudulently got the farmer to sign on.
A day after Ramadoss filed a police complaint, the crime branch arrested Pravin and K Pereliyan (24) of Vellanur in connection with the case.
The police are on the lookout for three absconding accused--assistant manager Ramkumar, operations manager Prabakar and Marimuthu.
