The Sayalkudi branch Manager of Union Bank of India, who lodged a complaint with the District Crime Branch (DCB) against his predecessor for defrauding the bank to the tune of Rs. 1.32 crore is in trouble as the regional office has issued him a memo for sullying the bank’s name.
A couple of days after media reports about the complaint given by Sayalkudi branch Manager Sesa Marikumaran that his predecessor C. Magendiran had defrauded the bank in connivance with heads of four non-governmental organisations, the Regional Manager in Madurai has shot off a memo to him, sources here said on Saturday.
The Regional Manager took exception to Mr. Marikumaran filing the complaint without obtaining permission from the Regional Office and charged him with spoiling the reputation of the bank in the eyes of the public, the sources said.
Sources close to Mr. Marikumaran said the DCB had filed a FIR against Mr. Magendiran in June 2013 itself, when he was serving as Manager of Sayalkudi branch on a complaint lodged by Kalaiselvi of Bright Magalir Mandram and his complaint was in furtherance to an earlier FIR. After taking over as Manager of the branch recently, he found that huge amount was outstanding and launched recovery proceedings by sending notices to the parties, mostly SHGs, to repay the loans when he stumbled on the fake loans.
In many cases, the NGOs headed by four women — M Selvarani, Mariya Haster, N Selvarani and Manimegalai — had received loans in the names of SHGs and swindled the money, the sources said. They had built bungalows and were leading a cosy life, a DCB Sub-Inspector of police, who visited their houses, said.
After the DCB registered cases against Mr. Magendiran under sections 468, 471, 409, 420 and 120 (b) of Indian Penal Code (IPC), the bank official, presently serving as Manager (Loan Recovery) at the Regional Office, sought anticipatory bail in the Madurai Bench of Madras High Court, the sources said. The High Court has posted the case for February 26 and directed the DCB to file a status report. A special team formed to investigate the case has received bags full of documents from the bank, relating to loans ‘issued’ to 103 SHGs and preparing the status report, C. Ganapathy, DCB Inspector of Police, said.
