Tuesday, December 23, 2025
ADVT 
India

One person alone cannot do this, there are others involved in scam: Suspended PNB official

Darpan News Desk IANS, 05 Dec, 2022 11:34 AM
  • One person alone cannot do this, there are others involved in scam: Suspended PNB official

Thiruvananthapuram, Dec 5 (IANS) A suspended Punjab National Bank (PNB) official, presently on the run after a multi-crore fraud surfaced, in his anticipatory bail plea filed before a lower court in Kozhikode on Monday said one person alone cannot do this and a comprehensive probe should be launched.

The fraud has been detected at the Railway Station Link Road branch of PNB.

The scam surfaced on November 29 when the Kozhikode Corporation which has multiple accounts with the PNB realised that crores of rupees have been swindled from its accounts. It became apparent when M.P. Rijin, a top PNB bank official at Kozhikode, went on the run and has not been traced till now.

After a preliminary probe by the Crime Branch, the prosecution informed the court that around Rs 21 crores is missing, of which the Corporation alone has lost around Rs 10 crores.

The court was hearing Rijin's anticipatory bail plea and in his affidavit it was alleged that there is a big conspiracy behind this swindle.

He pointed out that all this just cannot be done by one person and the involvement of officials from the PNB and the Corporation should also be looked into.

He said that just one person alone cannot withdraw money as there is a three layer checking process in the bank.

The court posted the next hearing on the bail plea for Thursday.

The Corporation is ruled by the CPI-M and the party secretary P. Mohanan said things are going from bad to worse and every last rupee of the Corporation which has been swindled has to be given back. If it is not done they will launch a massive protest and if need be, they will not allow the PNB to function.

MORE India ARTICLES

Cong lodges protest with EC on raids at Punjab CM's kin

Cong lodges protest with EC on raids at Punjab CM's kin
The party alleged that family members of Charanjit Singh Channi, a leader of the Congress, are being targeted in order to create a perception and influence electors into believing that Sardar Charanjit Singh Channi through his family members and the Indian National Congress is involved in the allegations of money laundering.

Cong lodges protest with EC on raids at Punjab CM's kin

Prateek Yadav running fake companies, says complaint

Prateek Yadav running fake companies, says complaint
A complaint against Prateek Yadav, the younger son of Samajwadi Party supremo Mulayam Singh Yadav, had been sent to the investigating agencies in 2021 alleging fake companies being run by him. Prateek Yadav has a brother-in-law, Aman Singh Bisht, the younger brother of his wife Aparna Yadav.

Prateek Yadav running fake companies, says complaint

Air India to commence normal ops to US from Friday

Air India to commence normal ops to US from Friday
National carrier Air India will commence normal operations to US from Friday, the airline said. On Tuesday, the national carrier said that it will not be able to operate a number of US-bound flights due to the deployment of 5G communications in the US.

Air India to commence normal ops to US from Friday

AAP fallen back on compromised CM candidate: Sukhbir Badal

AAP fallen back on compromised CM candidate: Sukhbir Badal
Terming the nomination of Mann as a stage managed non-event, the SAD President said AAP convenor Arvind Kejriwal never wanted to make Mann the face of the party in Punjab.

AAP fallen back on compromised CM candidate: Sukhbir Badal

ED seizes more cash, gold during raids in Punjab

ED seizes more cash, gold during raids in Punjab
As per sources, the ED raided the house of Bhupinder Singh Honey, who is the nephew of Punjab Chief Minister Charanjit Singh Channi, on Tuesday and Wednesday, seizing around Rs 10 crore in cash from his premises.

ED seizes more cash, gold during raids in Punjab

BJP, allies yet to reach final conclusion over seat-sharing in Punjab

BJP, allies yet to reach final conclusion over seat-sharing in Punjab
On Monday, the political situation in Punjab and the names of probable candidates were discussed in detail at the BJP National Headquarters in Delhi under the chairmanship of party's National President J.P. Nadda, in the presence of Home Minister Amit Shah.

BJP, allies yet to reach final conclusion over seat-sharing in Punjab