BENGALURU: The Central Crime Branch (CCB) probing alleged misappropriation of Rs 48 crore deposited by the Karnataka State Agricultural Marketing Board (KSAMB) with Syndicate Bank filed a chargesheet in the case with a local court on Thursday.
The 1,400-page chargesheet holds 12 persons, including divisional general manager of KSAMB Siddalingaiah, general manager and manager of Syndicate Bank, Uttarahalli branch, as the prime accused. All the 12 accused are in judicial custody.
Joint commissioner of police (CCB) Sandeep Patil said, “KSAMB had deposited Rs 100 crore in two instalments in a recurring deposit scheme at the Uttarahalli branch in November 2019. However, in January this year, it was found that the accused had illegally transferred Rs 48 crore to the current account of the same bank,” he said.
“The accused illegally transferred money from the RD account to a current account and siphoned it off,” an officer said.
The 1,400-page chargesheet holds 12 persons, including divisional general manager of KSAMB Siddalingaiah, general manager and manager of Syndicate Bank, Uttarahalli branch, as the prime accused. All the 12 accused are in judicial custody.
Joint commissioner of police (CCB) Sandeep Patil said, “KSAMB had deposited Rs 100 crore in two instalments in a recurring deposit scheme at the Uttarahalli branch in November 2019. However, in January this year, it was found that the accused had illegally transferred Rs 48 crore to the current account of the same bank,” he said.
“The accused illegally transferred money from the RD account to a current account and siphoned it off,” an officer said.
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