Team Herald
CURCHOREM: A former branch manager of the Karnataka Bank at Sanguem has been booked for cheating the bank to the tune of Rs 27.5 lakh.
Raviraj Upadhya P, Branch Manager, Karnataka Bank Ltd, in his complaint to the Sanguem police stated that on June 25, 2013, the accused – Balkrishna Shenoy, a Mangalore resident, who was the then branch manager, forged the signature of bank customer Yamuna Upadhya, who obtained loan of Rs 22.50 lakh via her Abhyudaya cash certificate without her knowledge. The accused further transferred the loan amount to the bank account of one Venkataraju, thereby committing the forgery and cheating the Karnataka Bank Ltd and Yamuna Upadhya of Rs 27,52,808. Sanguem Police have registered offences under Sections 465, 468, 471 and 420 of IPC.
