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Nagaland Police nabs Branch Manager of Vijaya Bank for swindling money

Kohima, May 23 (UNI) A case was registred at Tseminyu Police Station regarding fraudulent withdrawal of Rs. 88, 94,000 by the Branch Manager of Vijaya Bank, Tseminyu Branch, a sub-division in Kohima district. According to Kohima Police PRO Atu Zumvu, during investigation, Yichanpemo Yanthan, a resident of Sunglep Village under PS- Baghty of Wokha district, presently residing at Oriental Colony of Dimapur was arrested on May 21.
It was ascertained that a fixed deposit of Rs. 1,01,71,504 at Kohima branch of Vijaya Bank was transferred to Vijaya Bank of Tseminyu branch without the consent or knowledge of the owner.
Against this fixed deposit, the Branch Manager one Yichanpemo Yanthan of Vijaya Bank, Tseminyu branch had forged the signature of the individual and applied for loan against term deposit in the name of the individual and sanctioned loan against this term deposit amounting to Rs 87, 50, 000. A saving account was also opened at Tseminyu Branch of Vijaya Bank without the knowledge or consent of the owner by forging his signature and this was used in transferring and withdrawing the loan amount.
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