Mumbai Shocker: Bank Cashier Forges Signatures, Steals Nearly Rs 28 Lakh

Team Latestly
As per the order issued by the State Finance Ministry, the date of implementation has been fixed as January 1, 2016 -- making the employees eligible for arrears of the last 2 years.

Mumbai, October 15: In a shocking incident, a bank cashier was allegedly arrested for siphoning lakhs of money for forging signatures of nearly 51 account holders. According to a report, the bank cashier of a municipal Co-Operative Bank was arrested for looting Rs 28 lakh by doing fake signatures of account holders. According to a report by TOI, the incident came to light during an internal audit, when officials came to know that a Nalasopara resident has been withdrawing public money for the past three years by forging their signatures.

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The accused was identified as Ankush Rahate (43), a Nalasopara resident. Reports inform that the audit was undertaken when a bank officer came across transactions that looked suspicious to him. The TOI report states that the co-operative bank's assistant manager, Rajendra Jadhav, found that a woman account holder, Birbala Shah, had continuously withdrawn money. Delhi Man Arrested for Alleged Rs 11 Lakh Net-Banking Fraud. 

The matter further escalated when Jadhav found that she had taken out Rs 20,000 every alternate day. As per reports, as soon as the suspicion was reported, Jadhav immediately called Shah and asked her if she had indeed been doing so. Shah, who was an account holder in the bank, told him she had not withdrawn any money since then. Reports inform that a case has been registered and police is probing the case.

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In a separate incident in September, an electrician working at a budget hotel chain in Ahmedabad was held Vastrapur police for forgery and theft. Reports inform that the electrician tried to deposit a cheque of Rs 2.52 lakh using forged signatures of the hotel’s director in July.