23 November Saturday
The Kollam native siphoned off Rs 8.13 cr over 14 months

Canara Bank Fraud: Crores Of Rupees Embezzled From Pathanamthitta Branch, , Confirm Police

Web Desk‌Updated: Wednesday May 12, 2021

Pathanamthitta : Police confirm fraud to the tune of crores of rupees at Canara Bank branch in Pathanamthitta.  The scam in question took place this year February. The bank’s employee, Kollam native Vijeesh Varghese, siphoned the missing crores and is currently absconding. Deshabhimani had reported this  scam earlier its news.

Vijeesh, a resident at Avaneshwaram,  was cashier-cum-clerk at the bank’s 2nd branch located in Pathanamthitta  town. Authorities first sensed the fraud in February but believed the embezzlement amounted to Rs. 10 lakhs only. Investigations however brought to light scam to the extent of crores.

Vijeesh first swiped off money from another employee’s wife’s account maintained with another branch. The employee informed the matter the Branch Manager. When asked, Vijeesh said it was a mistake. In truth, Vijeesh had made a clean swipe of Rs 8.13 crore in a matter of 14 months.

With bank confirming there was swindling, Vijeesh went into hiding and remains at large up to now.

Findings so far indicate only Vjeesh has been involved  in the fraud. Meanwhile, five employees at the bank including the Branch manager have been arrested for failing to block an embezzlement of this magnitude.


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