The Goa Crime Branch has filed a chargesheet against Rakesh Kumar Yadav, a former manager at the State Bank of India’s (SBI) Treasury Branch in Panaji, accused of misappropriating over ₹2.23 crore. According to the complaint lodged by Dnyneshwar M. Thakre, Regional Manager (North Goa), SBI, Yadav allegedly siphoned off funds between March 2018 and June 2021 by debiting the Bank’s General Ledger (BGL) account and transferring the money into his personal DEMAT and loan accounts.
The investigation revealed Yadav misused his official position, falsified accounts, and engaged in criminal misconduct, causing significant financial losses to the bank. The case has been registered under IPC Sections 409 and 477-A, along with Sections 13(1)(C) and 13(2) of the Prevention of Corruption Act.
The investigation was led by Police Inspector Neenad Deulkar under the supervision of IPS Officer Rahul Gupta and DySP Rajesh Kumar. The chargesheet has been submitted to the District Sessions Court, Panaji.
