Bank of India Branch Manager Booked for Embezzlement of Crores

A major banking fraud has come to light in Gua, West Singhbhum district of Jharkhand, where the former branch manager of Bank of India’s Gua branch, Sudeep Sinku, has been accused of embezzling crores of rupees. Acting on a complaint, police have registered a case and the accused has been suspended from service.

According to Gua police, the present branch manager, Nilesh Kumar, lodged a written complaint at the local police station alleging that Sinku had misappropriated funds from the accounts of depositors. The complaint was based on findings of a special audit report conducted by Vishwajeet Kumar, Manager of Bank of India’s senior branch at Jamshedpur Kadma. The audit revealed serious irregularities, including manipulation of accounts linked to the Steel Authority of India (SAIL) Gua branch account.

Investigations showed that on July 1, 2021, then branch manager Sinku illegally issued a pay order of ₹2,14,81,192 without authorization from the concerned cell, diverting the deposited amount. Further, on January 16, 2023, he allegedly carried out fraudulent transactions in the accounts of four customers — Annu Devi, Manoj Nishad, Punami Bodra, and Kanhaiya Kumar Sao — without approval, and subsequently withdrew money from their accounts.

Confirming the development, Gua Police said an FIR has been registered against Sinku based on the complaint. Police have initiated an investigation into the case, and other possible accused are also under the scanner.