Complaint Details

Status	:	Closed
Complaint No	:	0006918/2013
Category	:	Business & Finance
Date	:	23-10-2013
Subject Line	:	Rs.70 Lakhs Fraud by SBI from NRE Fixed Deposit
Complainant	:	Subramaniam Mohan
Address	:	No.5 Vishwanathan Layout, Lakshmi Puram, Peelamedu PO, Coimbatore
Complainee	:	Satate Bank Of India, Personal Banking Branch, Racecourse Road, Coimbatore
Address	:	16 A, Abdul Raheem Road, Race Course, Coimbatore

Complaint Details
SBI - PBB defrauded my NRE Fixed Deposit by Rs.70 Lakhs. Of this Rs.70 Lakhs, SBI had transferred Rs.60 Lakhs to China and Rs.5 Lakhs to Delhi and Rs.5 Lakhs to Faridabad. All these transfers were done by the bank based on forged documents received through email, purportedly from the NRI. These emails were never initated by the BRI and the manager without validating the authenticity of the emails and without receiving original applications has transferred the money. Interestingly the AGM also has been involved in this fraudulent crime. Police complaint has been registered with cyber-police cell Coimbatore and 2 Nigerians are arrested. But the Branch Manager, Accounts Office and the AGM who had master-minded the whole transactions are still in place without any punishment or suspension.

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