INDIAN OVERSEAS BANK
Fradulent investment activities of IOB Manager is ignored by the Bank!

IOB Bank Manager Mr S. Siddharthan wrote me on official Indian Overseas Bank letter head advised me to transfer money from my IOB account to his investment company called ‘Laks Investment’ run on the name of his wife Nikhila to gain more interest than the normal IOB rates. He cleared my doubts again handwritten on the official IOB letterhead dully signed that all these transactions are legal and I need not have to worry. My worries started once I wanted my investments with interested to be returned. Now Mr S. Siddharthan meanwhile promoted to the post of Lead Manager of IOB at the Head Office said that all his investments are lost because of his trading with a local investment company. My complaints to his employer the IOB were not honored because suddenly it is a private dealing. I raised a FIR that was honored by the Nagercoil Police department and he was charge sheeted. The court case is going on. Even though I had produced all relevant documents on the fraudulent activities of the Manager IOB is ignorant about this and did not take any action against the Manager!

Company: INDIAN OVERSEAS BANK
Country: India

  <     >