Pilibhit (UP), Sep 7 (PTI) A senior official of Punjab and Sind Bank was arrested here on Monday for allegedly embezzling Rs 8.52 crore from customers’ bank accounts, police said.
The arrest was made jointly by the Sunghari police and the crime branch around 5 pm based on a tip-off, SHO Naresh Tyagi said.
The accused was produced before a court after completion of legal formalities and was sent to judicial custody, police said, adding that the role of other bank staff in the alleged embezzlement was also being investigated.
According to police, the case came to light on May 2, 2026, when Mohammad Zeeshan and his wife Iram Khan, residents of KGN-2 Colony in the Kotwali area, lodged a complaint alleging that Rs 7.82 crore had been withdrawn from
their bank accounts without their knowledge through the misuse of 38 separate cheques.
A case was subsequently registered. During the probe, police found that the total amount allegedly embezzled was Rs 8.52 crore.
The main accused has been identified as Radheshyam Prabhakar, who had earlier served as manager at the bank’s Pilibhit main branch and was posted as a chief manager in New Delhi, police said. PTI COR KIS RHL
