SBI manager transfers Rs 100 Cr from Govt account to private builder; CBI registered FIR

New Delhi, December 8: Central Bureau of Investigation (CBI) has registered a case with regards to the illegal transfer of Rs 100 crore from a Jharkhand government account in the State Bank of India (SBI) to a private builder.

The FIR, registered on the complaint of a State Bank of India officer, alleged that a deputy manager (Business Development Department) of the bank "dishonestly and by abusing his official position" transferred over Rs. 100 crore from the account of "Rajya Madhyan Bhojan Pradhikaran" to Bhanu Construction.

"On August 05, 2017, State Bank of India, Hatia Branch received six debit advices from the Government of Jharkhand for transfer of Rs. 120.31 crore from their Saving Bank Account to multiple accounts maintained with different banks including State Bank of India," it alleged.

Rs. 20.29 crore was to be transferred to State Bank of India and Rs. 100.01 crore was to be transferred to other bank accounts, the FIR said.

"Due to failure in uploading, the entire amount of Rs. 100.01 crore got returned to the office and suspense account of the Branch," it said.

Instead of crediting back Rs. 100.01 crore to the account of Jharkhand Rajya Madhyan Bhojan Pradhikaran from office account, it alleged that then deputy manager Oraon transferred the amount to the current account of Bhanu Construction.

The agency has booked the accused under charges of criminal conspiracy, cheating and under provisions of the Prevention of Corruption Act.