Daltonganj: Fino payments bank manager charges two employees of Rs 27 lakh fraud

Regional manager of Fino (Financial Inclusion Network and Operations) Payments Bank, Daltonganj branch R Mishra has lodged a written complaint with the town police station against two officials of this branch alleging misappropriation of Rs 27 lakhs of bank money.

Officer in charge of the town police station Daltonganj Abhay Kumar Sinha said, “We have received a written complaint in this regard.”

Fino payments bank is approved by the Reserve Bank of India (RBI). This bank is not entitled to issue a loan, subsidy or credit card. It can do business of fixed deposits and recurring deposits.

“According to the complaint, a very thoughtful modus operandi was followed. During the time of the audit, the bank officials used to have ‘physical cash’ stashed in the branch and once the audit was over, it used to vanish from the bank. However, the complaint is under investigation,” the police officer said.

It is outright an economic offence not possible to be carried out by any individual alone.

SDPO Surjit Kumar said, “We will unearth this economic offence case as Rs 27 lakhs is involved in it. Police will try to find out where this cash went or who is the recipient of it.”