Case booked against bank manager for diverting funds to personal account in Bagalkot
A bank manager in Bagalkot, Karnataka, is under investigation for allegedly diverting ₹65 lakh of bank funds into his personal account. The accused is currently absconding, and police have registered a formal case following a complaint from the District Central Co-operative Bank.
Why it matters
This incident highlights vulnerabilities in internal financial controls within regional banking institutions and the ongoing challenge of white-collar crime in the public sector.
Police have registered a case of diversion of funds against a bank manager in Lokapur in Bagalkot district of Karnataka.
Based on a complaint by the District Central Co-operative Bank, police began investigating allegations that Gururaj Shivaraj, branch manager in Lokapur, had diverted around ₹65 lakh to his personal account. The manager is absconding and his mobile phone is switched off, according to the complaint.
The alleged offence was detected by another manager who took charge of the branch after the accused went on long leave.
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