Former bank official held for fraudulently transferring 19 cr from clients' account into own
New Delhi, Jan 14: A former assistant vice-president of a bank was arrested for allegedly transferring more than Rs 19 crore from the clients' accounts into his own fraudulently, police said on Saturday.
The accused has been identified as Nagendra Kumar, they said.
The vigilance department of the bank filed a complaint stating that Kumar was their employee and posted at the Barakhamba Road branch, a senior police officer said.
On August 7, 2020, two account holders disputed some debit transactions from their accounts through the cash management portal (CMS) of the bank, the officer said.
The bank later came to know that Kumar transferred Rs 19.80 crore from these accounts to his own accounts in different banks. The complainant bank contacted the banks in which the amount was transferred by the accused and got the cheated money back into the victims' accounts, Deputy Commissioner of Police (Economic Offence Wing) Jitendra Kumar Meena said.
Kumar, being the assistant vice-president in the department of implementation and client support, had permissions to read and write in the host-to-host banking system (secure file transfer protocol) of the bank, police said.
On August 7, 2020, he created two fund transfer files having eight transactions and uploaded them to the folder of these companies in the host-to-host banking system, they said.
Thereafter, the cash management system of the bank automatically sent these files for payment. After transferring the amount, Kumar left his job by sending his resignation on the same date at 5.44 pm through an email, police said.
Kumar was apprehended on Friday from Vasant Kunj area, Meena added.
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Bengaluru: Asia’s largest AI-based water command centre set to launch
Bengaluru: The Bangalore Water Supply and Sewerage Board (BWSSB) is set to launch one of Asia’s largest AI-powered command centres to monitor water supply and sewage systems in real time, aiming to reduce leaks and improve efficiency, The Indian Express reported.
The Integrated Intelligent Water and Sewerage Management Centre, located at Shimsha Bhavan in Jayanagar, will use Artificial Intelligence (AI) to track, analyse and manage the city’s water network.
In addition to drinking water systems, all sewage treatment plants in the city are connected to the SCADA platform. The system checks if it adheres to National Green Tribunal (NGT) standards and tracks biogas generation from these facilities.
BWSSB Chairman Ram Prasath Manohar said the system will oversee the 775 MLD Cauvery Stage 5 water supply, which serves nearly 110 villages, while also integrating Bengaluru’s broader water distribution and wastewater systems.
A major feature of the system is its use of AI to estimate water demand across different parts of the city. The platform will also detect leakages in pipelines instantly, helping reduce water losses, often referred to as Unaccounted-for Water (UFW) or Non-Revenue Water (NRW). Officers say this will be a key step towards creating a digital replica of Bengaluru’s entire water network.
Bengaluru loses about 28 per cent of its water supply either to leakage or theft.
SCADA has been developed with the financial assistance of the Japan International Cooperation Agency (JICA). The facility is located at Shimsha Bhavan in Jayanagar and is expected to be inaugurated soon by Deputy Chief Minister D K Shivakumar.
BWSSB says the initiative reflects a shift towards a data-driven administration in urban water management. The centre is expected to improve transparency, improve efficiency, and strengthen service delivery in a city that has a continuously growing water demand and infrastructure challenges.
Describing the project as a milestone, Manohar said, “The SCADA centre would bring a new phase in how Bengaluru manages its water and wastewater systems, combining scale with advanced technology.”
