UBI fraud: Banker inspired by plot of crime novel, say police
| Saturday | 12th January, 2019
When it came to making payments, Majumder would edit the payment file and add his name to the list of people who had paid their dues.
The plot of a financial crime thriller might have prompted Nabarun Majumder to take advantage of his access as the chief manager of the credit card payments section.
Advertising“Majumder first used one credit card and raised its limit and rigged the system to show he had made payments.
An officer, during the course of interrogation, asked Majumder why he committed the fraud despite earning a decent salary.
The alleged fraud went on from 2012 to 2018 till one of the top managers of the bank found that four cards were making payments way above their credit limit.
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