Who is accused in the Bank of Baroda fraud case?

Subrahmanyam, a joint manager at Bank of Baroda's Perne branch, is accused of misappropriating funds and jewelry.

What was the total amount allegedly misappropriated from Bank of Baroda?

The total alleged misappropriation amounts to over ₹71.4 lakh, including cash and gold jewelry.

Where did the Bank of Baroda fraud take place?

The alleged fraud occurred at the Bank of Baroda, Perne branch, and involved its ATM and safe lockers.

Home / Crime and Justice / Bank Manager Accused of $71 Lakh Heist!

Bank Manager Accused of $71 Lakh Heist!

3 Jan

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Summary

Bank of Baroda manager booked for over ₹71.4 lakh misappropriation.
Accused allegedly siphoned ₹70.86 lakh cash and ₹55,000 gold jewelry.
The accused has absconded after the fraud came to light.

Police have initiated a case against a joint manager of Bank of Baroda (BoB) for the alleged misappropriation of substantial funds and assets. The accused, Subrahmanyam, who managed the ATM at the Perne branch, is accused of siphoning off over ₹71.4 lakh.

Between February 6, 2024, and December 16, 2025, Subrahmanyam allegedly failed to deposit the exact amounts into the ATM, leading to a cash deficit of ₹70.86 lakh. A subsequent inspection of safe lockers uncovered the further misappropriation of 4.400 grams of gold jewellery, valued at ₹55,000.

The accused has reportedly absconded following the revelation of these financial irregularities. The Uppinangady Police have registered a case under the Bharatiya Nyaya Samhita, investigating offenses including dishonest misappropriation, criminal breach of trust, and cheating.

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