HISTORY OF THE SCANDAL
The State Bank of Saurashtra scam is a seven month old scam which happened in the year 2008. State bank of Saurashtra was one of the connect bank of the SBI. It was in the year 1902 that the State bank of Saurashtra was started as Bhavnagar Darbar Bank. Bhavnnagar is one of the sovereign entity or princely states of the Saurashtra region of Gujarat. The requirement for a state owned bank was felt during the period of Independence when the princely states were all de-segregated to form the state of Saurashtra. It was then that the State Bank of Saurashtra got its shape from the statutory corporation of the Bhavnagar Darbar. Four other Darbar banks were merged into the Bhavnagar Darbar to form the State Bank of Saurashtra and they are Rajkot State Bank, Porbandar State Bank, Palitana Darbar Bank and Vadia State Bank. Finally in 1960 State Bank of Saurashtra was taken into the State Bank family as one of its fully acknowledged auxiliaries.
ESTABLISHED NETWORK OF THE BANK
Thus after getting into the State bank group the State Bank of Saurashtra was able to give and get better business using the already well established network of the former. Two months later in the year 2008 after nearly 420 branches of the State Bank of Saurashtra were merged with the State Bank of India, a major scam worth Rs 95.40-crore was detected by the Reserve Bank of India from the Bhavnagar branch of the former during the period when it was the headquarters of the former State bank of Saurashtra. It is said that the scam began in April at the Milam Baugh branch, and continued till November 6, when cash was withdrawn in instalments from the currency chest. A charge sheet was issued against the Head cashier Kirit Purohit in a case of fraud and cheating has been registered for misappropriation of cash even as the police had not ruled out the possibility of involvement of more people in the crime.
UNDER THE RESOURCES OF THE MEMORANDUM OF UNDERSTANDING
Though investigation says that the currency chest was operated both by the cashier Kirit Purohit and the Accountant, the case has been registered only against the cashier which by itself gives an ambiguity in the problem. Parenthetically there are lots of doubts coming up of why the bank authorities made the Cashier Kirit Purohit submit a sworn statement or an official declaration to the police accepting responsibility for the scam.
OTHER SECTION ON WHICH CAS IS BEEN REGISTERED
![State Bank of Saurashtra Scam State Bank of Saurashtra Scam](images/statebank.jpg)
The case was filed and the charge sheet was issued under various grounds or sections including 420, 409, 406 and 403 of the IPC. Regarding the scam when questions were put forth to the Deputy Superintendent of Police, P. Bharada he clearly stated that investigations were going on and the cashier has been subjected to control or jurisdiction by force.
MEMORANDUM OF UNDERSTANDING WAS NOT REVIVED AT THE RIGHT TIME
![State Bank SCAM State Bank SCAM](images/statebank1.jpg)
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