Banker arrested for stealing 1.85 cr for online betting

Police officers said that the banker was an online betting addict and fraudulently used customers’ money to bet. A vigilant bank officer soon detected the irregularity
A deputy branch manager of a private bank has been arrested by Matunga police for allegedly siphoning off <span class='webrupee'>₹</span> 1.85 crore from the bank (HT File)
A deputy branch manager of a private bank has been arrested by Matunga police for allegedly siphoning off 1.85 crore from the bank (HT File)
Published on Jan 21, 2022 08:01 PM IST
Copy Link
ByVijay Kumar Yadav

Mumbai A deputy branch manager of a private bank has been arrested by Matunga police for allegedly siphoning off 1.85 crore from the bank.

Police officers said that the banker was an online betting addict and fraudulently used customers’ money to bet. A vigilant bank officer soon detected the irregularity and reported the matter to the police.

Vishal Sadashiv Gurdu, 31, who was posted at the ICICI Bank’s Dadar (East) Punawadi branch was arrested after Rajeev Langar, the regional head of the bank lodged a complaint.

Gurdu, a Worli resident, was an employee at the bank since 2012.

Police said that the bank’s Bandra-based currency chest last year in November had asked the Dadar (East) branch officers asking why an amount of 2.05 crore was kept at the branch. After a quick check, they found that the branch had only 20.16 lakh in cash. An amount of 1.85 crore was missing.

Langar, the complainant, himself visited the branch on November 6, 2021, met the branch manager and began probing the suspected irregularities.

The accused deputy manager Gurdu first came under the scanner as he had the responsibility of monitoring the transactions. Initially, Gurdu tried to dodge the inquiry and gave vague answers. However, later during sustained questioning, he gave up and admitted that he has siphoned off the money.

“The accused admitted that he has siphoned off money from the bank to place bets online. He allegedly deposited the fraudulently managed money in nine bank accounts of the bookies (who were operating the online betting sites) by making false transaction records in the bank,” said an officer from Matunga police.

He told his seniors that to place bets online he deposited money in three current and six other accounts of the bookies who ran the online betting sites. He mainly placed bets on two sites. For this, the accused used his own two mobile numbers.

“While committing the alleged siphoning of funds, the accused made false records of depositing cash in nine bank accounts of the customers. For this, false entries were made in the cash balance register and cash report. So this amount was deposited only on paper and was reflected in bank’s records. But physically the cash was not available with the bank,” states the complainant in the FIR (of which HT has a copy).

The accused told bankers that he got to know about the betting sites and the application through a family group on Telegram. Soon he got addicted to the betting and was using the bank’s money for placing bets on the online sites managed by the two bookies.

“We are checking to see if any other person was involved in the case along with Gurdu,” said Deepak Chavan, senior inspector of Matunga police station.

The accused has been booked under sections 408 (criminal breach of trust by an employee), 409 (Criminal breach of trust by public servant, or by banker, merchant or agent) and 467 (forgery of valuable security, will, etc) of Indian Penal Code.

SHARE THIS ARTICLE ON
Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • Authorities not in action mode as polluted water flows into Rajasthan, Punjab channels from Harike barrage (HT)

    Authorities not in action mode as polluted water flows into Rajasthan, Punjab channels from Harike barrage

    No immediate measures have been initiated by the authorities to check the stinking brackish blushing water flowing from the Harike barrage near here into Rajasthan and Ferozepur feeder canals even after over a decade of the polluted water making its way to agricultural fields and homes, resulting in crop losses and health problems among residents of Punjab and adjoining Rajasthan that receive the water supplied by it.

  • Truck driver beaten to death; three youths booked for murder

    Truck driver beaten to death; three youths booked for murder

    A truck driver was allegedly beaten to death by three youths on Sunday after the victim, Inder Harpal Singh of Patiala's vehicle grazed their car in Faridkot city. SHO Sandeep Singh said that the investigation has found that the victim, Inder Harpal Singh of Patiala, was beaten to death by the accused after a small accident at 9:30 pm on Sunday when he was on his way to Faridkot city from Sangrur to deliver packages.

  • Stop befooling farmers on moong procurement: SAD to CM Mann (HT)

    Stop befooling farmers on moong procurement: SAD to CM Mann

    The Shiromani Akali Dal on Sunday asked Punjab chief minister Bhagwant Mann not to befool the farmers with announcements that their moong crop would be procured when the Centre has only agreed to buy 4,585 tonnes of the pulse, amounting to only 10-15% of the anticipated production. In a statement here, SAD kisan wing president Sikander Singh Maluka said Punjab was set to produce 4.75 lakh tonnes of moong.

  • Ferozepur divisional railway manager Seema Sharma (in white) conducting an inspection at the Ludhiana railway station on Sunday. (HT Photo)

    Ferozepur division manager inspects Ludhiana railway station

    Ferozepur Division manager Seema Sharma on Sunday conducted an inspection at the Ludhiana Railway Station. She also met a few railway union leaders and held a meeting with senior officials of the Ludhiana station. Senior divisional mechanical engineer and commercial manager Sudeep Singh also checked the operations at the station. Though senior officials termed it as a surprise visit, the Ludhiana railway staff, including the station director, were already aware of the checking.

  • Hold DSR paddy sowing for few days: PAU to farmers

    Hold DSR paddy sowing for few days: PAU to farmers

    Punjab Agricultural University experts have advised farmers, who are preparing to sow paddy using the DSR method, to put the sowing process on hold for few days to avoid crop damage due to the inclement weather predicted across the state during the period. The PAU issued the advisory following a warning from the meteorological department that strong winds followed by rain were expected across Punjab on May 23 and 24.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, May 23, 2022