Bengaluru, 30 May

A case has been registered against six officials of the Union Bank of India for fraudulently diverting Rs 94.73 crore of the State Maharshi Valmiki Scheduled Tribe Development Corporation Ltd to various other bank accounts, police said on Thursday.

The action comes after an official of the Corporation died by suicide on Sunday, leaving behind a note in which he named the Managing Director JG Padmanabh, Accounts Officer Parashuram G Durugannavar and Union Bank of India Chief Manager Suchismita Rawal in the note.

In the complaint filed on 28 May, A Rajashekar, the General Manager of the Corporation has alleged "severe fraudulent activities" involving the top management of Union Bank of India, MG Road branch here and other third parties, which have caused "substantial financial and reputational damage" to the organisation.

He said on February 19, the Corporation transferred its account from Vasanthnagar branch to MG Road branch of the national bank.

"A total of Rs 187.33 crore was transferred from various banks and the State Huzur Treasury Khajane-II to our savings Bank account at Union Bank of India, MG Road Branch," he said.

Citing the model code of conduct, the corporation did not communicate with the bank. Consequently, the bank failed to send the new passbook and chequebook to our registered address, he said in the complaint.

"Further perusal revealed numerous forged letters, forged cheques, and RTGS requests with fake signatures of the officers and Account Officer, forged/fake board resolution leading to unauthorized disbursements of funds from the organisation's bank account, “ he said. -PTI