New Delhi: At a time when banks have come under scanner for incidents related to loan recovery, an ICICI bank branch has been forced to return Rs 2 crore to Bihar State Beverage Corporation Limited (BSBCL).
This happened after the bank branch manager ran away with the money and ICICI was forced to refund it with interests to the corporation.
BSBCL managing director Brajesh Mehrotra, while confirming this, was quoted by agencies as saying the private sector bank returned Rs 2,00,73,350 to the corporation in lieu of the 181-day term deposit of Rs two crore.
According to the FIR lodged by the manager (finance) BSBCL, Navneet Nandan Sahay, the corporation had deposited the money in an ICICI fixed deposit account.
The money was deposited through three cheques, two of Rs 50 lakh each, and one of Rs one crore.
But the incident came to light when the manager of the bank ran away with the booty.
When contacted, city SP Anwar Husain said the probe into the biggest bank fraud in Bihar will continue with two separate police teams being constituted for the purpose, one for Delhi and other for Kolkata.
(With PTI inputs)
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