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Mangalore: Vijaya Bank Suffers Rs 2 Cr Loss - Manager, Two Others Held for Fraud

  •   Sun, Oct 23 2011 10:20:59 AM

Mangalore: Vijaya Bank Suffers Rs 2 Cr Loss - Manager, Two Others Held for Fraud

Daijiworld Media Network – Mangalore

Mangalore, Oct 23: On charges of providing loans without obtaining the required documents and thus causing a loss of 2 crores to Konaje Vijaya Bank, police have arrested the bank manager along with three other persons.

The arrested people were presented before the court and have been remanded to judicial custody.

The bank manager Mahabala Marla, Clerk Mohan Alva and Mohammad were the arrested.

Mahabala Marla who was the manager of the bank from 2007-2009 had provided loans to around 49 people by collecting fake documents from them. In the conning process Mohan and Mohammad had joined the manager, stated the complaint registered by the bank authorities.

The loans obtained were mainly misused by the beneficiaries and most of them had not used them for the purpose mentioned in the applications. The manager used to take a good amount of commission from the people to whom he was providing the loans easily, it is alleged.

The Konaje police who investigated deep into the matter arrested the three people including the manager after gathering sufficient proof.
  

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Comment on this article

  • P.SADANANDA HERLE, parampalli

    Tue, Oct 25 2011

    firstly recover all the 3 idiots movable&immovable assets and put them behind the bars whole life without any mercy.

    Reply Report Abuse

  • Vijaya , Bangalore

    Tue, Oct 25 2011

    Police have arrested the culprits in response to the complaint lodged by the bank.

    Reply Report Abuse

  • Ramesh Prabhu, Mangalore

    Tue, Oct 25 2011

    @Antony Periera,Mangalore
    Hold back your branding sword of suspecion on Bank Managers at large!!!
    Compared to other parts of the country DK BMs are more honest,hardworking and sincere.Off course a fraud is a fraud you can't generalise things according to your temperments.IN DK the NPAs,frauds,misutilsiation of bank loans is very negiligible compared to other centres.
    Because of hardwork and swet only five bank of the district have national significance and doing NATION BUILDING work.
    In the referred case law will take its own course, besides every efforts will be made to recover the banks funds.

    Reply Report Abuse

  • Antony Pereira, Mangalore.

    Mon, Oct 24 2011

    This is only a tip of an ice burg! A small in a big ocean !! How come the Statutory or the Internal Auditors of the Vijaya Bank not able to trace these Housing loans/vehicle/Personal loans frauds of this Bank? Please remember that this Rs.2 crore is Public money and tax payers money.A CBI inquiry must be initiated on the Branch Manager who is responsible for this fraud. So it is suggested that a special in depth audit should be undertaken by the Competent Authority in this Konaje Vijaya Bank & other Banks too where the volume of advances are more. Bank Managers are prone to this type of frauds every where.

    Reply Report Abuse

  • Sharath, Mangalore, Doha-Qatar

    Mon, Oct 24 2011

    Very worst comments from BJP Member Nagesh Nayak,He don't know anything about politics ,Only he is doing copy and paste from others previous comments.

    Reply Report Abuse

  • Antony Pereira, Mangalore.

    Mon, Oct 24 2011

    This is only a tip of an ice burg! A small in a big ocean !! How come the Statutors or the Internal Auditors of the Vijaya Bank not able to trace these Housing loans/vehicle/Personal loans frauds? Please remember that this Rs.2 crore is public money and tax payers money. So it is suggested that a special in depth audit should be undertaken in this Konaje Vijaya Bank & other Banks too where the volume of advances are more.

    Reply Report Abuse

  • Faizal , Mangalore

    Mon, Oct 24 2011

    Nagesh,
    Lets speak about Karnataka first, before jumping to Indian.........
    This time you dont want to blame the Manager is from which community right..because the name is clear...Nagesh! Be an Indian before being political or communal dear.......
    Public started changing their mentality and run towards light and you are still hanging on the same tree in the dark like an owl....

    Reply Report Abuse

  • Faizal , Mangalore

    Mon, Oct 24 2011

    Nagesh,
    Lets speak about Karnataka first, before jumping to Indian.........
    This time you dont want to blame the Manager is from which community right..because the name is clear...Nagesh! Be an Indian before being political or communal dear.......
    Public started changing their mentality and run towards light and you are still hanging on the same tree in the dark like an owl...retard mentality.

    Reply Report Abuse

  • nagesh nayak, bangalore

    Mon, Oct 24 2011

    HEY, Jossey Saldanha, Mangalore/Mapusa/ Mumbai,

    BANKS ARE UNDER ITALIN LED CONGRESS GOVT'S SUPERVISION.

    WHEN YOUR ITALIAN LED CONGRESS LEADERS CAN MINT MONEY THRU 2G,C WG,ADARSHA, DEVAAS & VARIOUS SCMAS WHY NOT BANK MANAGERS?

    MORE OVER BANK MANAGERS ARE WELL AWARE OF BLACK MONEY DEPOSITED IN SWISS BNAK BY YOUR LEADERS.

    THE ABOVE ACTIVITES LURED & BANK EMPLOYEES INDULGE IN UNETHICAL BUSINESS.

    NOW SLOWLY VOTERS ARE BOOTING OUT ITALIAN LED OCNGRESS THRUOUT INDIA.

    IN RECENT BYELECTIONS OF KOPPALA,HISSAR, MAHARATSRA , AP, BIHAR , ITALIAN LED OCNGRESS LOST EVEN SECURITY DEPSOITS.

    Reply Report Abuse

  • Arshad Kadli, Bhatkal / Al Khobar

    Mon, Oct 24 2011

    Look at their names Mahabala, Alva & Mohammed. Who says there is no unity amongst Indians?

    Reply Report Abuse

  • Jossey Saldanha, Mangalore/Mapusa/ Mumbai

    Sun, Oct 23 2011

    Why does every one in KARNATAKA want to become like REDDY AND YEDDY?

    Reply Report Abuse

  • ISMAIL.K.PERINJE, PERINJE-YANBU/KSA

    Sun, Oct 23 2011

    From 2007 to 2009 these loans are disposed?Why this much gap in the investigation? Loan applications are not endorsed by H.O?There could be more KAANADA KAI behind this ugly episode.Moreover are there no legal opinion before sanctioning loans?A fishy story really.

    Reply Report Abuse

  • Dr S Kamath, Mumbai

    Sun, Oct 23 2011

    Banking Job is a High Risk Job .The Manager gives Crores of Loan and always takes a Risk .Many times The Staff under Manager will be the Crooks but still Manager is held responsible .Now here Police have found fault with the Banking Staff but not clear who was the Master mind of the Crime .Many times Clients with an Intention of Defrauding approach the Banks Take money and then run away .some times Political parties for Example Famous Loan Melas is 1980 s in which Politicians just were after Bank Managers to disburse loan without verifying Documents .Many of those Loans have Become Bad Debts .Hence we shall not single handedly blame the Bank Managers Wait watch and see what went wrong

    Reply Report Abuse

  • Ramesh Prabhu, Mangalore

    Sun, Oct 23 2011

    It is really surprising to see some of the loose comments by readers about bank managers.It gives an understanding that thease people have no know true knowledge branch banking and commented according to their level of thinking !!!
    In real fact one should know that frauds may happen any time in any orgnisation be it bank or otherwise.However by and large do frauds do not occur in accounts however in depsoit accounts it is minimum.Sometime it may be a malafide and some times with bonafide intentions.One can not generalise BMs are frauds and rule out as 'dont trust them'
    In the given incident the fraud appear to be with malafide intentions and there is mechanism to deal with such situation and hardly any customer suffers due to it.When two or three insiders collude in perpectuating the faruds,generally the damage is more.However a fraud is a fraud and will be dealt with accordingly.So bank has taken right steps.
    Many people do not know that Bank managers job has become most thankless job and the new recruits do not find the banking job attractive like yester years.Most of the new recruits prefer to change the banking job with in of couple of years.It is pertinent to note that inspite of banking job loosing attraction among new commers,the corruption factor has not penentrated the field to the level as we are seeing in all most al other fields.

    Reply Report Abuse

  • Vasant Raj, Udupi / Abudhabi.

    Sun, Oct 23 2011

    Beliye eddu....All should be punished immediately.

    Reply Report Abuse

  • shrinivas, India

    Sun, Oct 23 2011

    Because of Reservation in all jobs & educational fields Un qualified people becomes the forerunner, posses heigh position,when qualified are neglected and gone out of Country and manage good offices. When our country gives chance to Able members to do good then only these type of fraud, curruption, miss management will be removed. Dream for USA or UK will be come ture.

    Reply Report Abuse

  • Abdul Rawoof , Riyadh

    Sun, Oct 23 2011

    If these responsible persons are doing like this worst jobs. to whom we trust ?

    Reply Report Abuse

  • lukas, malpe

    Sun, Oct 23 2011

    Any account holder don't believe bank staff,I have experience that once in my account someone draw some money without my cheque. later when I checked manager said by mistake,so all the account holder maintain your account yourself don't believe any bank staff.

    Reply Report Abuse

  • Amin Bhoja, kkuh/ riyadh

    Sun, Oct 23 2011

    Sometime it is hard to believe,manager himself is the fraud.Should be punished and should put him inside the jail.Please put him near yeddiji's cell so that,they will be friends and can join BJP soon. Jai ho..

    Reply Report Abuse

  • Kishore, Udupi/Dubai

    Sun, Oct 23 2011

    Put him in jail for life time.

    Reply Report Abuse

  • Manoj, Mangalore

    Sun, Oct 23 2011

    This Damager I mean manager had a good idea to bring business and fill his pocket.May be his clients were worthless so Bank took action against him.

    Reply Report Abuse


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