Breaking Information: Former Financial institution Supervisor Madha Jayakumar Caught in Huge Gold Fraud; Over 26 kg Recovered
Kozhikode: Former supervisor Madha Jayakumar recovered six kilograms of gold from the Vadakara department of the Financial institution of Maharashtra. DBS from two branches of the Catholic Syrian Financial institution in Tirupur, Tamil Nadu. The gold was discovered from the financial institution. One and a half kilograms of gold from Catholic Syrian Financial institution and DBS in Singapore. 4 and a half kilograms of gold had been additionally recovered from the financial institution.
The proof assortment by taking the accused to completely different elements of Tirupur continues. He was pawning the stolen gold in numerous banks of Tamil Nadu. The accused was investing the cash thus obtained within the inventory market. There are nonetheless 20 kg of gold to be discovered. DBS An worker of the financial institution has additionally been arrested.
Madha Jayakumar, who was the supervisor of the financial institution’s Vadakara department for 3 years, was transferred to the Palarivattam department in Ernakulam district on July 6. The fraud got here to gentle through the inspection carried out by Irshad, a local of Panur, who was lately posted at Vadakara. From June 13, 2021 to July 6, 2024, fraud was dedicated in 42 accounts. Madhujayakumar didn’t attain Palarivattam however took over though he was transferred.
The financial institution reported the lack of 26.24 kg of gold from 42 accounts. Regardless of the manipulation of gold in so many accounts, no buyer has filed a criticism with the police. It’s assumed that that is the gold of an individual. The police have clear proof on this regard.
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