Raipur, March 13 The Chhattisgarh Anti-Corruption Bureau/Economic Offences Wing (ACB/EOW) filed a 1290-page chargesheet against an SBI manager accused of embezzling over Rs 2.78 crore through fraudulent transactions, an official said.
The chargesheet against Vijay Kumar Ahke, who was serving as Chief Branch Manager of the State Bank of India's Specialized Currency Administration Branch (SCAB) in Byron Bazaar at the time of his arrest last December, was submitted to the ACB/EOW special court in Raipur.
Ahke, currently in judicial custody, has been booked under sections of the Bharatiya Nyaya Sanhita and the Prevention of Corruption Act.
"Ahke allegedly misused his official authority to siphon funds from the SCAB branch's Branch General Ledger (BGL) account between August 28, 2024, and June 11, 2025. The accused reportedly generated forged vouchers through the bank's computer system and executed fraudulent transactions," the ACB/EOW said in a statement.
To avoid triggering the bank's High Value Transfer Alert System, Ahke carried out the transactions in "batch mode," keeping each transfer below Rs 5 lakh, the statement added.
He manipulated the system by rolling over old BGL entries into new ones within a 30-day cycle, thereby concealing the real financial position of the account from supervising officers, the statement said.
"During this period, the accused allegedly executed 75 transactions, transferring the entire embezzled amount to his wife's bank account, which was linked to his own mobile number. This enabled him to receive all One-Time Passwords (OTPs) required for the transactions," it said.
The funds were reportedly transferred through net banking to his personal bank account, where they were invested in Delta Exchange, cryptocurrency trading, commodities, and options trading, the statement added.
The fraudulent transactions caused a financial loss of Rs 2.78 crore to SBI, it said.
"Based on digital evidence, seized documents, bank statements, certified transaction records from the bank's main server, and witness statements, the ACB/EOW initiated prosecution against Ahke. Evidence collected during the probe established his involvement in the embezzlement, following which the chargesheet was filed before the court," the statement said.