The Economic Offences Wing Jabalpur has registered an FIR in connection with an alleged Rs 10.30 lakh embezzlement at the Chhindwara District Central Cooperative Bank, Madhya Pradesh.
The case (Crime No. 0/2026) has been booked under Sections 409 and 120B of the IPC and Section 7(c) of the Prevention of Corruption Act, 1988 (amended 2018).
According to EOW, the irregularities occurred between April 30, 2015 and August 31, 2020. During the investigation, it was found that Abhishek Jain, a clerk and computer operator, allegedly transferred funds from the bank’s internal account to his personal accounts through 19 NEFT transactions.
The transfers were reportedly executed using his own maker ID and the checker IDs of Assistant Manager Abhay Jain and Accounts In-Charge Neeraj Jain.
A departmental inquiry conducted by the bank also found the three officials prima facie responsible, citing deliberate negligence and criminal conspiracy. Further investigation is underway.