Fraud case registered against SBI Malpe branch manager, others for siphoning ₹73 lakh

Mangalore Today News Network

Udupi, Aug 31, 2025: Malpe police have registered a fraud case against the then-manager of State Bank of India (SBI) Malpe branch, Meera Pallavi T H, along with several account holders, for allegedly fabricating documents and misappropriating ₹73 lakh of bank funds.

Between August 11 and 22, ₹73,00,000 was transferred from the branch to the accounts of five customers. The scam came to light after SBI’s Mumbai branch sought clarification and the concerned finance company confirmed it had not requested such transfers.

Police allege the accused colluded to siphon funds for personal use, committing breach of trust and fraud against the bank.