Multiple residents from villages such as Bironda and Viroondi Chakrasenpur discovered significant balance shortages when attempting to conduct routine transactions at the bank branch. Individual losses escalated to over one crore rupees, with one account holder reporting Rs 1.16 crore embezzled from a fixed deposit and another noting Rs 25 lakh diverted through signed mutual fund papers. Following public demonstrations outside the location, Punjab National Bank suspended five staff members and launched an internal investigation alongside an active police probe.
Key points
Depositors uncovered significant unauthorized withdrawals and premature liquidations afte…: Depositors uncovered significant unauthorized withdrawals and premature liquidations after reviewing inaccurate entries recorded in their bank passbooks.
Discontented customers organized protests outside the Aichhar branch demanding full reimb…: Discontented customers organized protests outside the Aichhar branch demanding full reimbursement for their missing personal savings.
Law enforcement officials stated that the complete financial assessment of diverted funds…: Law enforcement officials stated that the complete financial assessment of diverted funds depends on findings from ongoing investigations.
Sources checked by our analysis pipeline: 1
The complainants, from areas including Viroondi Chakrasenpur, Bironda, Aichhar and Site 4, approached Sector Beta 2 police station, alleging that their FDs had been prematurely closed and the proceeds transferred to other accounts. Some also claimed that money had been withdrawn fraudulently and incorrect entries made in their passbooks.
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PNB Aichhar branch fraud: Police register FIR against staff
Police registered an FIR on Wednesday under Section 316(5) of the Bharatiya Nyaya Sanhita (BNS), relating to criminal breach of trust. The FIR brings together 16 complaints and was registered after Shrichand, a resident of Viroondi Chakrasenpur village in Surajpur, alleged that Rs 1.16 crore had been embezzled from an FD linked to his account at the branch, TOI reported.Additional DCP (Greater Noida) Santosh Kumar told TOI that an ACP had been directed to lead the inquiry. Further action would be taken based on the findings, he said.
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