Udupi, Apr 4: Five employees of Allahabad Bank have been charged with duping six customers who had pledged gold ornaments and taken loans. The bank staff allegedly misused gold ornaments of these customers for their own private purposes here. The value of the gold ornaments of the six customers is estimated at Rs. 7.57 lakh.

But five employees of the bank – K.H. Pai (the then manager of the bank), Deb Prasad, Satish Shettigar, Bhaskar and Sharath Kumar – instead of depositing the gold ornaments in the locker, used it for their own purposes, which was dereliction of duty and betrayal of trust of the customers. The matter came to light after Ms. Shobha came to the bank on March 10 to get back her gold ornaments. But these ornaments could not be recovered.
The Chief Manager of Zonal Office of the bank conducted an inspection on March 16 and the matter of gold ornaments of five other persons being misused also came to light. A case has been registered under Section 409 (Criminal breach of trust by public servant, or by banker, merchant or agent) of the IPC and investigations were on, the police said.
“We are enquiring with the six accused. Any arrest can be made only after there is some recovery of gold,” said a police officer.



Comments
I HAVE ONE QUESTION IN MY MIND,
WEN WE GIVE AND TAKE LOAN FROM BANK BY KEEPING OUR GOLD THEY WILL CHECK THE WEIGHT OF THE GOLD AND IN THAT THEY WILL PAY US,
BUT WHEN WE GET BACK OUR GOLD FROM THEM,
WHY THEY ARE NOT CHECKING THE WEIGHT BEFORE HANDOVER TO US
, ACTUALLY ALL CUSTOMER MAKE SURE
SHOULD CHECK THE WEIGHT OF GOLD AND VERIFY THE WEIGHT .
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