The Central Bureau of Investigation (CBI) has arrested State Bank of India, Senior Associate & Cash In-charge, A Nagender of Narsapur Branch, Medak District (Telangana) for causing alleged loss of Rs. 5,22,67,760 to the bank.
A case was registered on complaint from AGM, SBI, Siddipet, Hyderabad (Telangana) that Senior Associate & Cash In-charge, SBI, Narsapur Branch A Nagender misappropriated cash of Rs. 2.32 crore (approx.); gold ornaments valuing Rs. 0.72 crore (approx.) which were under his control & also cash amounting to Rs. 2.19 crore (approx.) from three ATMs. An alleged loss of Rs. 5,22,67,760 (approx.) was caused to the bank.
Searches were conducted at the premises of accused at Narsapur, Medak District (Telangana) which led to recovery of incriminating documents.
The arrested accused was produced before the Special Judge, CBI Cases, Hyderabad and remanded to Judicial Custody up to 17.09.2022.
