Daljit Singh, Branch Manager of Jhajar Central Cooperative Bank in Haryana has been found indulging in financial irregularities. He has been suspended and the local police is investigating the matter.
According to the bank officials, the fraudulent transactions involve more than half a crore of rupees.
The fraud was discovered while doing a routine check on the financial activities of the bank.
The incidents of fraud by the bank employees are on rise and it is high time the top management sits down to devise fool-proof system to discourage fraud.