CBI arrests a Bank Official for causing an alleged loss of Rs.5.22 crore to State Bank of India

CBI arrests a Bank Official for causing an alleged loss of Rs.5.22 crore to State Bank of India The Central Bureau of Investigation(CBI) has arrested a Senior Associate & Cash In-charge, State Bank of India, Narsapur Branch, Medak District (Telangana) for causing alleged loss of Rs. 5,22,67,760/- to Bank. According to a complaint made by the AGM of SBI Siddipet in Hyderabad (Telangana), the Senior Associate and Cash In-Charge of SBI Narsapur Branch misappropriated cash totaling approximately Rs. 2.32 crore, gold ornaments estimated to be worth approximately Rs. 0.72 crore, and cash totaling approximately Rs. 2.19 crore from three ATMs. The bank allegedly suffered a loss of approximately Rs. 5,22,67,760. Incriminating documents were found after searches were done at the accused's Narsapur, Telangana (Medak District) home. The detained suspect was brought before Special Judge, CBI Cases, Hyderabad, and sent to judicial custody till September 17, 2022.