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Regular-article-logo Sunday, 21 December 2025

Team probes fund transfer

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KHWAJA JAMAL Published 29.11.11, 12:00 AM

Muzaffarpur, Nov. 28: A five-member central team of State Bank of India (SBI), Mumbai inspected the bank’s Gobarshahi branch in Muzaffarpur this afternoon to examine Saturday’s technical slip.

An amount of Rs 29.25 crore was wrongfully transferred from Bharat Coking Coal Limited’s SBI account in Dhanbad to that of National Farmers Fertiliser Cooperative with Punjab National Bank (PNB) in Modinagar, Uttar Pradesh.

The inspection team included deputy gene- ral manager (DGM), SBI, north Bihar, Y.K. Lumba, and two cyber experts.

Lumba said the money transfer was prevented following timely intervention of the bank authorities.

The SBI has been pursuing an internal examination of the lapses and password leak. “This is purely a cyber crime and needs a detailed probe and strict measures to check a repeat,” Lumba added.

During in-depth investigation of the computer systems of the bank, the two cyber experts of SBI, Anand Kumar and Rupesh Sinha, suspected a fraud through which the cyber criminals had used password of two bank officials, Suman Kumar and S.S. Mishra, in transferring the fund.

“The IT experts of the team are minutely working on the clues in the cyber network,” said an official of SBI, Muzaffarpur.

The IT experts also quizzed all the bank officials one by one apart from examining the systems of the computer sets installed in the bank.

Meanwhile, the SBI regional manager, P.K. Mishra, went through the video footage of the CCTVs installed in the bank to detect involvement of local people or bank officials behind the illegal transfer of the money to the PNB account of National Farmers Fertiliser Cooperative in Modinagar, Uttar Pardesh.

Sources said the PNB account of National Farmers Fertiliser Cooperative has been opened up on November 17 in the name of an elderly woman resident of Modinagar in Uttar Pradesh.

The aforesaid bank account with PNB, Modinagar in Uttar Pradesh has been frozen. Senior superintendent of police (SSP) Rajesh Kumar said the SBI officials have so far failed to lodge an FIR in this connection.

The SSP has asked the deputy superintendent of police (DSP) (town) Baccha Singh to keep in touch with the bank officials.

“If the bank authorities lodged an FIR, the police would investigate the case properly, as it was a fit case of cyber crime,” the SSP said.

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