Kanpur: Although the officials declined to give the exact figure, unconfirmed sources put the embezzlement to the tune of Rs 50 crore. “The unauthorised withdrawal of large sum of money was made by one Hanish Ram Chandani in connivance with seven SBI officials, six of whom were posted in Kanpur while one was posted in Lucknow. All these seven employees have been suspended,” Sarin said. Whenever Chandani submitted any cheque of other banks, these officials would transfer the amount to his account without his cheques being cleared. He owns a chain of filling stations in the industrial city, said an SBI source, and apparently was not given any overdraft facility. Other than Chandani, there are three more co-accused, whose names the SBI officials refused to divulge. The investigating team, however, said that it was negligence on the part of bank officials that such a big scam took place. More officials are likely to be in line of fire once the investigation reaches its final stage, said SBI sources. “We were likely to submit a report by Wednesday but could not do so as it was a holiday,” said another SBI bank official. Initial report on Tuesday had suggested a racket in fake currency.
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