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Fraud through cloned cheques in Inward clearing at Service Branch


16-Jun-2023 (In Banking / Finance Law)
I am working with PSU bank as an officer.In our bank cloned cheques are being presented since jan 2018.One day two cloned cheques from same account presented for clearing were passed by two different officers.One of them was me.Now the bank has served both of us statement of imputation on a of negligence that signatures mismatch with bank record though signatures are most identical.Bank wants to recover it's loss from we officers.And the actual culprit who is the beneficiary is enjoying with banks money and still presenting the cloned cheques.Instead of recovering money from fraudster bank is recovering from we innocent workers who are doing their routine job to earn money for their bread and butter Kindly advise me.Can we be saved from punishment.
Answers (3)

Answer #1
978 votes
You can absolutely be saved from punishment. A strongly worded letter needs to be sent to the concerned managerial person who has issued the recovery order, stating at first politely how the recovery from the officers is unjust and arbitrary and secondly, firmly informing them of your legal rights and remedies and how you will not refrain from exercising the same if the order continues to remain in force. Further and better particulars are needed for an effective opinion.
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Answer #2
965 votes
Yes you can be. You will have to give a detailed representation to show as to show that you did not have mala fide intention. Also, you will have to clear your stand and explain all of this and the transaction as also how despite due diligence you could not have identified this.
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Answer #3
812 votes
Hi,
is there any FIR been lodged against you? If yes then we have to see the charges in the same and take appropriate action accordingly.

Need not worry.

For more information feel free to have a word with us, all the very best.
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