NEW DELHI: A former assistant vice president of the RBL bank has been detained by the Economic Offences Wing (EOW) of the Delhi Police for allegedly transferring Rs 19.80 crore from the bank's two accounts to his own accounts in other banks.

The offender, Nagendra Kumar (39), also left the bank after committing the crime in August 2020 and was trying to avoid being apprehended.

The vigilance department of the RBL bank submitted a complaint, which, according to Jitendra Kumar Singh, Additional Commissioner of Police (EOW), indicated that Nagendra was employed by the RBL Bank at Barakhamba Road as Assistant Vice President, Implementation & Client Support - Transaction Banking.

"Through the bank's Cash Management interface, two account holders of the bank contested a few debit transactions from their accounts on August 7, 2020. Nagendra transferred Rs 19.80 crore from two bank accounts to his own accounts with ICICI Bank and HDFC Bank, the bank learned after conducting more inquiries. Inquiring about ICICI Bank Ltd. and HDFC Bank Ltd., the RBL Bank transferred the defrauded funds back into the victims' accounts "the official added.

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