Rigil is found to have transferred cash from various accounts of the Kozhikode muncipal corporation to his account with another bank as well as to his father’s account.
(Representational Photo)
The Crime Branch wing of the Kerala Police, on Wednesday, arrested senior manager of Punjab National Bank (PNB) Rijil M P, who is facing charges of siphoning off Rs 12.68 crore from the bank’s Kozhikode Link Road Branch.
Rijil’s arrest came six days after the Kozhikode Principal Sessions Court rejected his anticipatory bail plea. He was taken into custody from one of his relatives house at Chathamangalam.
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He has been accused of siphoning off crores of rupees from the accounts of Kozhikode municipal corporation while he was working as senior manager in the Bank’s Kozhikode Link road branch .The police have registered a case in this respect.
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Rigil is found to have transferred cash from various accounts of the Kozhikode muncipal corporation to his account with another bank as well as to his father’s account.
In the audit report of the bank, it was found that he has diverted 12.68 crore from various accounts of the Punjab National Bank’s Link Road branch. Kozhikode Corporation has lost Rs 10.62 crore. It is reported that the money was diverted from the accounts of private individuals too. The fraud was done from nine accounts of private individuals and eight accounts of the Kozhikode municipal corporation. As soon as the fraud was surfaced, the PNB has suspended Rijil from service, pending inquiry.
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