By Trend News Line 2024-05-06 04:26:55.
**Bank Clerk in Mumbai Booked for Misappropriating Funds Worth Rs 1.51 Crore**
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In a shocking turn of events, a clerk working in the central processing department of a co-operative bank in Mumbai has been booked by the Kalachowki police for misappropriating funds worth a staggering Rs 1.51 crore. The accused, identified as Jayesh Namdev Goankar, allegedly used the embezzled money for online betting and investing in cryptocurrency, resulting in substantial losses for the bank.
**Illegal Transfer of Funds**
According to reports, a senior official of the bank filed an FIR, accusing the clerk of transferring the bank’s funds to his personal account and the accounts of his accomplices through illegal means. The police revealed that the accused downloaded various betting apps on his phone and gained access to the bank’s accounts using the institution’s login credentials. Subsequently, he siphoned off the money into eight private accounts, leading to the massive financial loss.
**Ongoing Investigation**
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While the police are currently investigating the matter, the accused, Jayesh Namdev Goankar, remains untraceable. Authorities are working tirelessly to locate the perpetrator and bring him to justice for his alleged involvement in the fraudulent activities that have rocked the co-operative bank in Mumbai.
**Impact on the Bank**
The misappropriation of funds by the clerk has had a significant impact on the financial stability of the co-operative bank. The substantial sum of Rs 1.51 crore that was unlawfully diverted has not only caused monetary losses but has also raised concerns about the security protocols within the institution. The incident serves as a stark reminder of the importance of stringent measures to prevent such fraudulent activities in the future.
**Call for Accountability**
As the investigation unfolds, there is a growing demand for accountability and transparency within the banking sector. The need for enhanced security measures and regular audits to identify and prevent financial misconduct has become more apparent in light of this incident. Stakeholders are urging authorities to take swift action to ensure that those responsible for the misappropriation of funds are held accountable for their actions.
**Meet Aditi Ray Chowdhury**
Aditi Ray Chowdhury, the news trainee working at the breaking news desk with News18.com, brings you the latest updates on this developing story. With a background in Mass Communication and Journalism, Aditi is dedicated to providing accurate and timely information to keep readers informed about the latest developments in the world of finance and beyond.
As the investigation into the misappropriation of funds by the bank clerk continues, stay tuned to News18 for the latest updates and insights on this evolving story. Your trusted source for breaking news and in-depth coverage, News18 is committed to delivering accurate and reliable information to keep you informed about the issues that matter most..
– Mumbai bank employee siphons off crores crypto investment online betting
– Mumbai bank employee siphons off crores crypto investment betting online.
