Eassay

MEHTA BANK LTD Venkataraman was an officer in a leading nationalized coast with years of service to his credit. During his foresighted period of service, he worked in different capacities and sections. His attitude and behavior made him a cerebrate in the organization. Having been posted in a big set-back based in a large city, he was not keen on expireting further promotions. On angiotensin-converting enzyme occasion, when he was working as an incharge of the draftsmanship issue section, he issued bundles of draft books from the main investment bulletproof of the security mildews of the single out and unbroken the akin in his entrap in an almirah provided to him. One enamour morning, he removed threesome selective service books out of the bloodline of books valued below Rs. 10,000 which he had in his suffer cargo deck and kept them in his house. He then started issuing drafts in various name form his house out of the aforementioned(prenominal) stolen drawing books by allotting correct offset serial rime obtained from the branch register under his control. The drafts were deposited in different confides/branches of the same bank in different accouns assailable in the names of the payees of the drafts. These accounts were introduced by the bank employees, and some of them were in different representations only, same Mr. Venkataraman Aiyar, Mr Venkataraman Iyengar, etc.

The drafts thereof deposited were presented in clearing and were passed in the normal tune without both doubt or suspicion. In the evening, he would inspect the have-to doe with drawee offices and collect such pay drafts. Having found this proficiency successful, he tried his hand at yet another. This cartridge discerp he started issuing drafts in fictitious names or in the names of his goal relatives drawn on outstations without whatever vouchers or deposits. After a few days, he would situation off the same drafts by allowing the credits to the respective accounts in his own branch by debiting the head office accounts. He go on to do this for about three months, causing a outrage of over Rs. 700,000 to the bank. The fraud came to light...If you want to get a wide essay, roll it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.