{
  "id": 17461913,
  "title": "Mumbai: Special CBI Court Denies Bail To Ex-Bank Of India Officer Accused Of Siphoning ₹16.10 Crore From 127 Accounts",
  "url": "https://urgent.news/2026/10/31/mumbai-special-cbi-court-denies-bail-to-ex-bank-of-india-officer",
  "topic": "world",
  "section": "World",
  "published": "2026-10-31T19:22:26.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/mumbai-special-cbi-court-denies-bail-to-ex-bank-of-india-officer-accused-of-siphoning-1610-crore-from-127-accounts"
  },
  "original_language": "en",
  "account": "Mumbai witnessed a special CBI court ruling on October 31, 2026, denying bail to ex-Bank of India officer Hitesh Kumar Singla, who was accused of siphoning off Rs 16.10 crore from 127 customer accounts. This decision followed an earlier denial of bail by a special court in a money laundering case initiated by the Enforcement Directorate (ED). Singla's legal team had argued that he had been incarcerated since September 2025, and that the investigation was concluded, thus deeming his continued custody unnecessary. The chargesheet against him had also been filed. CBI's public prosecutor, Mayank Singh, argued that Singla had unlawfully closed various types of accounts and schemes owned by 127 customers, including Term Deposits, PPF accounts, and Senior Citizen Savings Scheme accounts. A significant sum of over Rs 16 crore was allegedly misappropriated by Singla. The court highlighted that the accused took advantage of technical loopholes in Bank of India's \"Finacle\" core banking software, acting as both maker and checker in the majority of transactions involving the transfer of funds from customer accounts to the officer's accounts and then to his personal accounts. Moreover, the court noted that Singla misused other bank employees' logins, thereby putting them at risk of criminal prosecution.",
  "summary": "Mumbai, October 31, 2026: A special CBI court has denied bail to former Bank of India (BoI) officer Hitesh Kumar Singla, accused of siphoning off Rs 16.10 crore from 127 customer accounts. Earlier, his bail was rejected by a special court in a money laundering case lodged against him by the Enforcement Directorate (ED). Singla’s lawyer had claimed that he had been in prison since September 2025…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}