Industrial Co-operative Bank MD Subhra Jyoti Bharali sent to jail

STAFF REPORTER

GUWAHATI: The court of chief judicial magistrate of Kamrup Metro on Wednesday remanded Industrial Co-operative Bank managing director Subhra Jyoti Bharali to 14-day judicial custody in connection with a case.

The police produced Bharali before the court after ending of his three-day police custody in connection with Panzbazar Police Station case No 551/2021under sections 120B, 387 and 506 of IPC based on an FIR lodged by a former employee of the bank.

In the FIR, lodged by former branch manager of Industrial Co-operative Bank, Gokul Talukdar alleged that Bharali had forced him to take voluntary retirement (VRS) from his job.

Talukdar alleged that his salary for few months was also pending and has not been paid by the bank. In addition to this, Bharali allegedly took a bribe of Rs 1.5 lakh to release the retirement benefits of Gokul Talukdar.

However, during interrogation, Bharali confessed that Talukdar's negligence of duty had forced him to take such a drastic step on him.

Bharali was also interrogated in another case registered in the Panbazar Police Station based on an FIR lodged on September 15by Bhadreswar Barman, president of an NGO Nagarik Suraksha Mancha, Assam.

Sources in the police said Bharali was not cooperative with the interrogators and he refused to reply the questions of the investigators.

The complainant alleged in the FIR that the eight persons resorted to "huge financial misappropriation and forgery" in the bank amounting to Rs 9,50,61,499.

He, as well as the other eight officials, managed to get interim bail in the money siphoning case from Gauhati High Court.

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