Interesting News Girl Traps Bank Officer

Girl honeytraps nationalised bank official for 80L, 3 booked-Times of India ( Girl arrested , see below)

INDORE: A 25-year-old girl working as part time marketing executive at a nationalized bank branch here was booked by the city crime branch on Wednesday evening for luring a senior official of the bank into a honey-trap and subsequently blackmailing the banker to pay Rs 80 lakh.

The part time bank employee girl had allegedly planted another girl aged, 28, to trap the bank official.

Crime branch sources said three months ago, a girl approached the bank official and started getting close to him. Official reportedly fell for her and established sexual relations with her at a rented flat in city's Bhawarkuan area. The flat, was hired by bank official a few months ago for the part-timer woman employee.

Part-time executive provided the flat to bank official for spending time with the girl. Cops said, while bank official indulged in physical relationship with the girl, the act was filmed in a hidden camera concealed inside the room.

A few weeks later, sent the sleaze video and a letter to the bank official, threatening to make video public if he failed to pay her Rs 80 lakh. Petrified over the development, official reported the matter to senior police officials, after which crime branch started a probe.

Probe revealed that mobile phone SIM card used by blackmailer girl to talk to the banker was also used by her to speak to part-time marketing executive girl. There were no other calls made from this number that led to police to suspect the part-timer, sources said.

"Investigations in the matter till now point towards role of part-time marketing executive girl working for the bank being the mastermind of the plot to trap the banker and extort money from him. Both girls and their aide identified as S Bhadoria have been booked on Wednesday evening for blackmail, extortion and criminal conspiracy under Sections 385, 389, 120B of IPC, besides Section 66A of Information and Technology Act," a senior crime branch official told TOI.

Robbers fail in attempt to rob bank

VIRUDHUNAGAR: An unidentified gang, which tried to rob a public sector bank failed in its attempt after it could not gain entry into the premises. Police said that at the time of the incident, cash amounting to several lakhs of rupees and a large quantity of pledged jewels were kept inside the bank in Rajapalayam. The bank is situated on the Rajapalayam - Tenkasi Road at Karuvattupettai, a busy area in Virudhunager district. The gang had allegedly attempted to gain entry through the window of the bank by breaking open iron rods, police said.

The incident came to light when the bank employees entered the bank as usual on Wednesday morning. But, they were shocked to see three of the iron bars found broken. Immediately, they informed the higher bank officials and the police. Later, a formal complaint was also made by the bank officials with the police.

A police team visited the bank and collected the details. An investigation with the bank employees was also conducted. Police said that an unidentified group had tried to break the window open. While they succeeded in breaking three bars, they could not proceed further as they could not break the remaining two. If they had broken the two they could have made an entry.

However, police said that even if they managed to gain entry, it wouldn't have been an easy task to break open the lockers to access the jewels and cash. Already a search has been launched to find out the people involved. Police also conducted investigations with banks officials to find whether other security systems like closed circuit television camera and alarm are in place.

United Bank new MD asks employees to check against further slippages -The Hindu

The new Managing Director and Chief Executive Officer of United Bank of India, P. Srinivas, has asked the bank employees, especially the field functionaries, to be cautious against further slippages.

The bank had gone headless for a year since the resignation of the previous incumbent.

In his maiden address to employees posted at the bank head office here, he stressed on the urgent need to increase the credit portfolio of the bank in retail, MSME and priority sectors.

 

He complimented the executive directors and the employees of the bank for the resilience shown by the team in turning around the bank and making it profitable once again, calling upon the rank and file of the bank to focus on CASA growth.

 

Mr. Srinivas appointment, for a three-year tenure, was announced on December 31 alongside three other banks. They were the first batch of MDs to be appointed in line with the government’s policy of de-linking the post of Chairman and Managing Director as well as CEO. 

 

It may be mentioned here that UBI’s former CMD Archana Bhargava resigned on February 22, midway through her tenure amid the unravelling of record NPAs, which plunged the bank into losses. The state of affairs came to light following a Reserve Bank of India audit and a Deloittee forensic audit in end-2013.

UBI, which was in the black till the first quarter of 2012-13, reported Rs.489.50 crore loss in the second quarter, which ballooned to Rs.1238.10 crore by the third quarter. The government subsequently appointed two EDs — Sanjay Arya and Deepak Narang — to steer the bank out of the mess. The bank has now returned to the black. Mr. Srinivas said that employees should focus on the bank's strength in the east and north eastern States.

 

India to grow at China’s pace by FY17: World Bank-Times of India

NEW DELHI/WASHINGTON: The Indian economy is expected to catch up with China by 2016-17 and is expected to grow 6.4% in 2015 on the back of reform measures unveiled by the new government, the World Bank has said.

The steps taken by the government to revive growth and boost sentiment since it assumed power in May and the sharp slide in global crude oil prices would help the economy to expand.

"India will catch up with China's growth in the year 2016 and 2017," World Bank Chief Economist and Senior Vice-President Kaushik Basu said at the release of the multilateral agency's global economic outlook.
"China's growth will remain high, but will begin to taper very gently, reaching 6.9% in 2017," World Bank chief economist and senior vice-president Kaushik Basu said at the release of the multilateral agency's global economic outlook. The World Bank expects the Indian economy to grow 5.6% in 2014 while China is likely to grow China 7.4% in 2014 and 7.1% in 2015. By 2016, the Indian economy is forecast to grow 7%, as much as China's estimated pace of 7%.


Indian authorities expect the economy to grow 5-5.5% in the current fiscal year and then accelerate to 6-6.5% in 2015-16 as the impact of the reform measures kick in. Policymakers expect the Indian economy to return to a 8% growth trajectory in the medium term.

The World Bank revised global growth downwards for 2015 due sluggishness in the euro zone, Japan and other emerging market economies. The global economy is expected to grow 3%, slower than the previous forecast of 3.4% in June. After growing by an estimated 2.6% in 2014, the global economy is projected to expand by 3% this year, 3.3% in 2016 and 3.2% in 2017, the World Bank forecast.

Developing countries grew by 4.4% in 2014 and are expected to edge up to 4.8% in 2015, strengthening to 5.3 and 5.4% in 2016 and 2017, respectively.

"Worryingly, the stalled recovery in some high-income economies and even some middle-income countries may be a symptom of deeper structural malaise," said Basu. He said as population growth has slowed in many countries, the pool of younger workers is smaller, putting strains on productivity. But there were some silver linings behind the clouds. The lower oil price, which is expected to persist through 2015, is lowering inflation worldwide and is likely to delay interest rate hikes in rich countries.

"This creates a window of opportunity for oil-importing countries, such as China and India; we expect India's growth to rise to 7% by 2016. What is critical is for nations to use this window to usher in fiscal and structural reforms, which can boost long-run growth and inclusive development," Basu said.

MBA girl arrested for luring nationalised bank official into Rs 80 lakh honey trap

A 25-year-old MBA student girl Swati Suryavanshi, who also works as a part-time marketing executive in a nationalised bank branch here was arrested by city police crime branch on Thursday evening.

The girl had allegedly lured a senior official of the bank branch into a honey trap with the help of another young girl.

The MBA student hailing from Betul district was subsequently using the other girl to black mail the banker with a sleaze video to extort Rs 80 lakh.

The crime branch had lodged a case of blackmailing, extortion and criminal conspiracy against both girls and a male aide on Wedenesday. The arrested girl has been remanded into crime branch custody till January 21.

The other girl Priya Agrawal and a male aide S Bhadoria, however, are on the run.

The arrested girl Swati, who after doing BCA is now pursuing MBA at an Indore college, had planted the other girl in the bank official's life.

Swati used Priya to lure the 48-year-old nationalised bank official in a honey trap three months ago. A hidden camera was used to shoot a sleaze video of Priya and the bank official at a flat in city's Bhawarkuan area.

The flat importantly was taken on rent by the same bank official for the part-time bank employee Swati a few months ago.

Acting on Swati's plan, Priya started blackmailing the bank official with the sleaze video, demanding Rs 80 lakh for not making the video public.

The bank official subsequently reported the matter to IG Indore Vipin Maheshwari, after which the city police crime branch started the probe into the matter and exposed the entire plot on Wednesday evening.

The additional SP-Crime Vinay Prakash Paul told TOI on Thursday night that possibility of some more people having planned the honey trap with the MBA student girl's help is also being probed.