The chief manager of a State Bank of India (SBI) branch in Mysuru was sentenced to one year in jail by a city court for misappropriating funds from the account of a deceased customer and the bank’s internal account.
The First Additional Chief Judicial Magistrate Court, which heard the case, also imposed a fine of ₹50,000 on the chief manager of SBI’s Chamundipuram branch A.V. Kulkarni, besides sentencing him to rigorous imprisonment for one year.
The court has further ordered that ₹40,000 out of the fine amount be paid to the bank as compensation.
Between May 13, 2009, and December 23, 2011, the accused allegedly misused his official position and transferred ₹40,53,000 from the account of one Krishna Iyer, who had died on April 7, 2005.
He also transferred ₹21,04,127 from the bank’s internal account.
Thus, a total amount of ₹61,57,127 was allegedly transferred to his own account as well as his son’s account with the intention of cheating the bank, following which the money was withdrawn.
Subsequently, during an inquiry conducted by the bank’s senior officials, the accused admitted that he had withdrawn the money. He later repaid approximately ₹62 lakh, which he had illegally withdrawn, to the bank.
A case was registered against the accused at the Krishnaraja Police Station in Mysuru. The then Police Sub-Inspector of Krishnaraja Police Station, Prashanth, investigated the case and submitted the charge sheet before the court.
After hearing the arguments, the judge, Prakash V., found the accused guilty on September 25 and sentenced him to one year in jail and imposed a fine of ₹50,000.
A statement here said Senior Assistant Public Prosecutor K. Prakash examined the witnesses and presented the arguments before the court.
Published – September 28, 2026 06:35 pm IST
