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Lakh, by chance

Updated on: 18 October,2010 07:29 AM IST  | 
Imran Gowhar |

Man who had just Rs 230 in his bank account, found it enriched with Rs 14.3 lakh because of a technical glitch ufffd he withdrew most of it

Lakh, by chance

Man who had just Rs 230 in his bank account, found it enriched with Rs 14.3 lakh because of a technical glitch -- he withdrew most of it





A government clerk could not believe his luck when he noticed his State Bank of Mysore (SBM) account, which previously had a mere Rs 230, suddenly had Rs 14. 3 lakh. Ankesh GC, a second division assistant from Karnataka Government Insurance Department (KGID) withdrew the amount within seven days before the bank could realise.



Dishonest means? Ankesh works with the Karnataka Government Insurance Department. He withdrew cash from ATMs of several leading banks across the city. Pic/Sanjay MD


Assistant General Manager of SBM, R Vishnumurthy said that the bank was in the process of changing the database software from 'Base 24'u00a0u00a0 to a new 'Opus switch' on August 8. During this, there was a technical problem because of which Ankesh withdrew approximately Rs 14.3 lakh from several other bank ATMs.

Spending spree
However, during the account tally, the bank realised the irregularities in the cash and sent a letter to Ankesh on September 29 to remit the cash withdrawn by him. Ankesh remitted Rs 30,000 on September 29 and Rs 2 lakh on September 5 while close to Rs 12 lakh is still pending. The cash was withdrawn between August 31 and September 7.

"While he was at it, Ankesh was aware of his own account details. This is the reason he withdrew cash from ATMs of other banks such as ING, HSBC and other banks," said Vishnumurthy.The bank has received details of transaction from another leading bank, who have sought Rs 9.49 lakh from their ATM. However other banks are yet to send their transaction details, Vishnumurthy said.

Missing with money
"Following this, on October 8 we sent a notice again to which Ankesh denied receiving the cash so we have registered a cheating case with the Cubbon Park police," added Vishnumurthy. The accused is yet to remit Rs 12.7 lakh to the bank, which was illegally withdrawn.

The Cubbon Park police are on the lookout for Ankesh who is said to be missing. "We wanted to ascertain whether Ankesh knew about the technical problem which is classified information, or it was just an accidental which led him to withdraw such a huge amount," the police said. Ankesh has been now booked for cheating the bank.

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