KOHIMA, MAY 27 (MExN): Kohima Police have arrested the Assistant Branch Manager of Vijaya Bank, Kohima Branch in connection with a case of fraudulent financial transactions. The accused has been identified as one Gainilungpu Solomon L (30).
A press note from the Kohima Police informed that on May 26, an FIR was lodged at North Police Station by the Chief Manager of Vijaya Bank, Kohima Main Branch regarding fraudulent transactions against a term deposit account. Initially, a loan of Rs. 80 lakhs against a fixed deposit of Rs. 1.5 crore was taken by a firm.
However, on January 2, 2015, the fixed deposit was withdrawn without recovering/closing the loan account. During verification by the bank officials, it was found out that the officials/staff of the bank had lien the loan amount against the security of another fixed deposit of another person without his consent or knowledge.
Accordingly, a case was registered vide Kohima North P.S. Case No. 0040/2016 U/S 409/465/468/477 A IPC for investigation.
