Brief by Shorts91 Newsdesk / 12:54pm on 21 Jan 2024,Sunday India
Former Punjab & Sind Bank official, Bedanshu Shekhar Mishra, allegedly stole over ₹52 crore from customer fixed deposits (FDs) to fund online gaming. The Enforcement Directorate (ED) has attached ₹2.56 crore worth of assets, following a case under the Prevention of Money Laundering Act. Mishra, suspended in November 2022, exploited his position at the Khalsa College branch to unauthorizedly break FDs using his and other staff members' IDs. The fraudulent transactions occurred between 2021-22, as revealed in the FIR filed by the Central Bureau of Investigation. Mishra directed the embezzled funds to online gaming companies via diverse current accounts.
