The Central Bureau of Investigation (CBI) has filed a case against a Punjab National Bank (PNB) official for allegedly embezzling Rs 4.98 crore from the account of a Bhopal-based infrastructure construction company. The incident reportedly occurred at PNB’s Delhi Road Branch in Hapur, Uttar Pradesh.

Unauthorised Transactions

According to officials, head cashier Mukul Singh, in collusion with Vinod Kumar Singh, merged the account of Dilip Buildcon Ltd with that of Star Raze, owned by Vinod Kumar Singh. Subsequently, Rs 4.98 crore was allegedly transferred to various accounts via internet banking, resulting in a corresponding loss to PNB.Investigation and Action
Based on bank system login details and CCTV footage analysis, it is alleged that Mukul Singh facilitated the unauthorized transfers.

The CBI conducted searches at the premises of the two accused after registering an FIR, the agency’s spokesperson said.