Mumbai: The BKC police have booked a former official of the Bank of India, for cheating the bank to the tune of Rs 86.75 lakh.

About The Case

The accused, Deepak Kale, resides in Navi Mumbai. He served as an officer at the Bank of India’s BKC branch between 2010 and 2016, working in the transaction banking department. The bank started an ECS Collection Pool Account in 2012 to credit claim amounts after settling liquidated bank depositors. The deposit insurance and credit guarantee corporation agency was managing this account.

While Kale was working at the bank, his son, Advait Kale, operated M/s Solutech, a company with its current account also held at the Bank of India’s BKC branch. During his tenure, Deepak Kale transferred funds from the ECS Collection Pool Account to his son’s company account without obtaining permission.

Between 2014 and 2015, he transferred Rs68.67 lakh. Additionally, Kale transferred Rs18.07 lakh from the bank’s stationery account to the firm. In total, he illegally transferred Rs86.75 lakh without informing anyone.