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Maha: Two arrested for Rs 22.87 crore bank fraud in Latur

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Police have arrested two persons for allegedly embezzling Rs 22.87 crore from a nationalized bank in Maharashtra’s Latur district, an official said.

According to tehsilar Mahesh Parandekar, who is the complainant in the case, the order was issued to distribute funds under the government’s Jalyukt Shivar Abhiyan, a water conservation project, a police official said. Accordingly, two proposals for payment of Rs 12,27,297 and Rs 41,06,610 through RTGS (Real Time Gross Settlement) were submitted to the water conservation officials.

When the relevant documents were submitted to the bank, it was found that the balance in the account was only Rs 96,559, said Police Inspector Sanjivan Mirkale. An audit was then conducted in which the alleged embezzlement of Rs 22.87 crore came to light, he said.

Acting on a complaint by the tehsildar, the police arrested two employees of the local revenue department on Sunday, an official said.

The accused was prosecuted according to the relevant provisions, he said, adding that the case is being further investigated.

(This story has not been edited by our editorial team and is generated from the feed.)

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