Amritsar : The Punjab Vigilance Bureau (VB) during its ongoing campaign against corruption on Thursday arrested a private person Jagjit Singh of village Dhoolka, Amritsar district for committing embezzlement in the Central Cooperative Bank, Tarsika amounting to Rs. 9,75,771 in connivance with bank officials.

In an official release issued here today a spokesperson of VB said the above mentioned accused in conniving with bank manager Rakesh Kumar, cashier Ram Kishore and secretary Kulwant Singh had encashed the money after transferring it to the personal accounts of accused in other banks whereas the cooperative bank could not transfer such amount from off-line account of Kisan Credit Card to other bank accounts.

He further informed that during investigation by the VB, it was found that the above mentioned bank officials by colluding with the accused Jagjit Singh had transferred Rs.51,94,900 to other banks in Gehri Mandi, Amritsar district. In this case seven accused had already been arrested who had committed this fraud in the above said bank to the tune of Rs 24 crore. In this regard a case under section 420, 409, 419, 465, 467, 468, 471, 477-A, 120-B of IPC, section 43-A, 43 (i), 66, 66-D of IT Act and 7, 13 of prevention of corruption act had already been registered