SBI chief manager sentenced to jail for diverting funds from deceased customer’s account

A chief manager at a SBI branch in Mysuru has been sentenced to one year in jail and fined ₹50,000 for misappropriating funds from a deceased customer's account and the bank's internal account, according to prosecutors. The court ordered the repayment of ₹40,000 of the fine to the bank. Between May 2009 and December 2011, the accused allegedly transferred ₹40,53,000 from the deceased's account and ₹21,04,127 from the bank's internal account to his own and his son's accounts.

The accused admitted to withdrawing the money during a bank inquiry and later repaid approximately ₹62 lakh. The case was registered at the Krishnaraja Police Station, and the accused was found guilty on September 25.