My relative is a Cashier in Bank. Customer came to the bank to deposit Rs.2 lakhs. But the cashier did not enter the same amount in the system. Instead he kept the money with himself. He manually entered the amount of Rs. 2 lakhs in the customers passbook.In this way he had kept Rs.20 lakhs with himself instead of depositing in the customer's account. One day one customer came to the bank to withdraw an amount of Rs.2 lakhs. That day the cashier was on leave. The other person on the cashiers seat checked the customers account but could not find the same amount in his account. So he informed the customer that the amount of Rs.2 lakhs is not in his account. Hearing this the customer showed his passbook to the person on the cashiers seat in which the balance of Rs.2 lakhs was shown.
My relatives fraud came into picture. Now he has been suspended by the bank till further notice .Bank gave him some time to deposit the entire amount.Now he has returned the entire amount to the bank and accepted on papers all the fraud.
Now the bank has filed a case against him from court with IPC Section 420, 467, 468 and 406.
Please advise us about the further process from my relatives side.
What are the consequences of this case.
Awaiting an early response. Its really very urgent.