FIR lodged for bungling of Rs 27 lakh in Daltonganj

| | DALTONGANJ
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FIR lodged for bungling of Rs 27 lakh in Daltonganj

Tuesday, 09 August 2022 | M FAIYAZ AHMAD | DALTONGANJ

An RBI approved Fino (Financial Institution Network and Operations) payments bank here in Daltonganj is in thick soup, said sources. The Fino payment bank is caught in its own internal fraud leaving its regional manager and others in a quandary, according to sources.

The Fino payments bank is no loan lending bank nor does it issue any credit card. It just does FD (fixed deposit) and RD (recurring deposit) only.

Officer in charge of the town police station Daltonganj Abhay Kumar Sinha has confirmed the lodging of a criminal case in regard to this bank.

Police officer Sinha said the regional manager of the Fino payments bank R Mishra has lodged the criminal case against two of the bank's personnel one a manager and the other a cashier.

The bank money to the tune of Rs 27 lakh is alleged to have been bungled, said the police officer adding we have begun the investigation.

An FD is a term deposit and on maturity with the consent and signature of the customer the matured value of the sum is digitally transferred to the savings account of the said customer. It is similar to the RD account as well. However it means the money generated for FD and RD ought to be in Fino payments bank which is not and it is worth 27 lakhs of rupees.

Sources said this internal fraud in the bank is the second in this year as months ago the United Bank of India here in Daltonganj had a criminal case of breaking open of the lockers and removing of the precious gold contents of half a dozen locker holders leading to the arrest of 16 or 17 officials including driver and key mechanic as well.

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