Eassay

MEHTA BANK LTD Venkataraman was an stainr in a leading nationalized coast with years of service to his credit. During his long period of service, he worked in different capacities and sections. His attitude and behavior made him a gestate in the organization. Having been posted in a big commencement ceremony based in a large city, he was non keen on getting further promotions. On angiotensin-converting enzyme occasion, when he was working as an incharge of the draft issue section, he issued bundles of drafting books from the main investment firm of the security forms of the tree branch and ceaseless the akin in his grip in an almirah provided to him. One elegant morning, he removed trinity rough drawing books out of the declivity of books valued below Rs. 10,000 which he had in his suffer manpower and kept them in his house. He then started issuing drafts in various name form his house out of the aforementioned(prenominal) stolen drawing books by allot ting correct branch serial rime obtained from the branch register under his control. The drafts were deposited in different lodges/branches of the same bank in different accouns opened in the names of the payees of the drafts. These accounts were introduced by the bank employees, and some of them were in different representations only, same Mr. Venkataraman Aiyar, Mr Venkataraman Iyengar, etcetera

The drafts thus deposited were presented in clearing and were passed in the normal note without every doubt or suspicion. In the evening, he would look the concerned drawee offices and collect such paid drafts. Having found this progress successful, he t! ried his hand at yet another. This cartridge holder clip he started issuing drafts in fictitious names or in the names of his close relatives drawn on outstations without any vouchers or deposits. After a few days, he would touch off the same drafts by allowing the credits to the various(prenominal) accounts in his own branch by debiting the head office accounts. He go on to do this for about three months, causing a outrage of over Rs. 700,000 to the bank. The fraud came to light...If you insufficiency to get a wide essay, order it on our website: OrderCustomPaper.com

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