The Central Bureau of Investigation (CBI) has taken up a probe into the alleged misappropriation of jewellery worth ₹8 crore by a staff of the State Bank of India’s (SBI) Kethanur branch in Palladam.
Initially, the case was registered and investigated by the District Crime Branch, Tirupur, based on a complaint by branch manager K. Sudhadevi against B. Sekar, who was accused of misappropriating jewels pledged by customers of the bank for loans.
The complainant said she got to know through the media, on March 12, 2022, that the jewels pledged by the customers weighed less. Some of the customers raised complaints, and based on the orders of senior officials, an inquiry was conducted and CCTV footage examined.
The complainant alleged that Sekar, with an intention to cheat the customers and the bank, removed some parts of the jewels using a cutting blade.
The case has been transferred to the CBI for further investigation.
Published - January 24, 2025 12:24 pm IST
