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Union Bank Officer Alleged in Fraud Complaint Transferred
Union Bank officer Priya Ranjan Kumar, alleged in an inter-bank fraud complaint, has been transferred to another region amid ongoing investigations.
Author: Abhivad
Published: July 16, 2024
Priya Ranjan Kumar, a Senior Manager at Union Bank of India and a leader of All India Union Bank Officers’ Federation(AIUBOF) and All India Bank Officers’ Confederation(AIBOC), alleged in a complaint filed to Union Bank of India management, has been transferred from Patna Main Branch to the Regional Office in Samastipur. The transfer order, dated 6 July 2024, was issued by the Human Resource Department, Zonal Office, Ranchi.
(Copy of the transfer order accessed by Kanal.)
Background of Allegations
This transfer and investigation follow a recent exclusive report by Kanal, based on a complaint that Kumar, along with other officials, was allegedly involved in a massive inter-bank fraud. The whistleblowers' complaint accused Kumar of manipulating miscellaneous accounts to evade surveillance by the Income Tax Department and Vigilance Department. The allegations included exploiting office accounts for inter-bank entries and involving family members in facilitating unlawful transactions across Union Bank of India, Canara Bank, and Punjab National Bank.
Earlier, on 26 June 2024, a vigilance investigation was initiated against Kumar based on a complaint accusing him of misusing staff housing loans. The complaint, filed by Satish Shetty, General Secretary of the Union Bank Officers Organisation(UBOO), alleged that Kumar diverted the loan proceeds for constructing a commercial complex, violating bank rules, staff housing loan guidelines, and sanction terms. The investigation was ordered by the Vigilance Department at the Union Bank Central Office, Mumbai.
(Copy of the vigilance investigation order.)
The complainant in the inter-bank fraud complaint told Kanal that the transfer of the alleged officer came out after a team of auditors visited the Patna Regional Office to access the documents and records.