Chapter 16, A Bank Fraud
Chapter 16
A Bank Fraud
One Genteman, Mr. Nagabhushanam, a Bank Officer of a Nationalized Bank put in more than 20 years of service, was posted at a village in one of the districts of Telangana area. He was a family man with grown up children. He has all sorts of habits like playing cards, drinking, horse racing and also a womanizer and frequently used to visit cabaret dances. He has lot of debts and financial commitments to various financial institutions, chit funds companies etc.
Mr. Nagabhushanam, an Officer responsible for Bank’s cash dealings for that Bank which was located, with one of his counter cashier employee of that bank and swindled money regularly. They used to take Rs. 500/- and Rs. 1,000/- Note bundles from the Banks Cash Chest, while drawing regular cash for daily use in the morning time. Also, they used to take cash loans from the customers who were given big business loans. It has become a very big habit for these two people.