Mumbai’s BKC Police File ₹86.75 Lakh Cheating Case Against Former Bank Of India Official

Mumbai: In a shocking turn of events, the BKC police have booked Deepak Kale, a former officer of the Bank of India, in a cheating case involving ₹86.75 lakh. The incident involves unauthorized transfers made during his tenure at the bank’s BKC branch between 2010 and 2016.

The Allegations
Deepak Kale, a Navi Mumbai resident, worked in the bank’s transaction banking department and was responsible for managing the ECS (Electronic Clearing Service) Collection Pool Account. This account was set up in 2012 to credit claim amounts after settling liquidated bank depositors, with the Deposit Insurance and Credit Guarantee Corporation (DICGC) agency overseeing it.

During his tenure, Kale transferred funds from this ECS account to his son Advait Kale’s company account, M/s Solutech, which also had a current account at the same bank branch. The accused is alleged to have transferred a total of ₹68.67 lakh between 2014 and 2015 from the ECS account to M/s Solutech’s account without proper authorization. Furthermore, ₹18.07 lakh was transferred from the bank's stationery account to the same company. In total, Kale illegally moved ₹86.75 lakh.

The police have registered a case of cheating and are continuing their investigation into the matter.