Bank manager and staff steals customers' gold

14 December,2010 07:21 AM IST |   |  Imran Gowhar

A branch manager and his assistants from the RT Nagar branch of a finance company have been accused of having cheated customers by stealing their gold from the strong room worth Rs 22 lakh


Breach of trust: A criminal case has been registered against R S Sukumar S A Ramanujan and C Rajeshwari of Muthoot Mini Nidhi. Pic/Sanjay MD

A branch manager and his assistants from the RT Nagar branch of a finance company have been accused of having cheated customers by stealing their gold from the strong room worth Rs 22 lakh.


Shreekanth Kulakarni, regional manager, Muthoot Mini Nidhi, has registered a criminal case against his Branch Manager R S Sukumar, Assistant Manager S A Ramanujan and Business Associate C Rajeshwari.

According to him, customers including Hajira Bagum, Amritha Shankar and Ratnamma had pledged their gold of 580 grams, 710 grams and 40 grams respectively, which is around over 1 kg gold.

The fraud came to light when the company auditor went through the records and found that four packs of gold were missing from the strong room including two of Shankar and one each of Begum and Ratnamma.

According to the complainant, the three were the in charge of the strong room. So, they atre the most likely suspects, said a police official.

RT Nagar PI Poovaiah said that they are close to making a breakthrough in this regard. "We are closing in on the accused, who are presently absconding," he said.
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News Bangalore Bank manager RT Nagar branch gold finance company cheated criminal case