GWALIOR, Feb. 27 -- Gwalior's Economic Offences Wing (EOW) has launched a preliminary inquiry into allegations of financial fraud involving several officers and employees of the Industrial Estate, Hazira branch of the State Bank of India (SBI). The investigation follows a complaint filed by Arvind Mishra, Regional Manager of the Regional Business Office-01.
According to the complaint, a group of bank officials, including then Senior Assistant Managers Karan Parashar and Bijendra Singh Bais, along with employees Sharad Tandon, Sonam Shejwar (SBI Securities), and Tejas Agarwal (SBI Life), allegedly conspired to execute unauthorized transactions between 2020 and 2024.
The accused individuals reportedly misused their positions to siphon off R...