NRI clerk charged with 70 mn pound bank robbery bidMay 2nd, 2008 - 8:25 pm ICT by admin
London, May 2 (IANS) London police have charged an NRI clerk at HSBC bank with planning to rob his employers of 70 million pounds. Jagmeet Channa, who worked in the back office at the HSBC headquarters in the financial district of Canary Wharf, was charged with conspiracy to defraud, money laundering and abusing a position of trust at the multinational bank.
Reports said the 25-year-old from Ilford in Essex was an administration clerk, responsible for ensuring that records of trades were checked through at the end of the day.
The alleged fraud is said to have involved moving money electronically from one account to another. Police said three other men are on bail in connection with the enquiry.
In a statement, the bank said: “HSBC is cooperating fully with a police investigation into an alleged fraud at the bank. As the matter is before the courts, we cannot comment further.
“No customer funds were involved and no transactions were disrupted. No customer or bank funds were lost in the alleged fraud.”
Channa has been remanded in custody until June 25.