Sanjay Dikshit, the deputy general manager (DGM) of the State Bank of India, has been suspended from the post on the charges of involvement in the multi-crore bungling of funds at SBI's main branch in Kanpur. Earlier, on Wednesday, he was relieved from delivering his duties including AGM and seven more bank officials such as Chief Manager J D Banerjee and Manager Vipin Kanojia.

They are charged of withdrawing Rs 30 to 40 crore from the main branch. A special team of SBI audit branch investigated the scam, sending teams to Lucknow and Kanpur. The head of SBI enquiry team, General Manager Arun Sarin said: "Gross irregularities have been detected in the preliminary inquiry and action has been taken against the guilty. Along with the CBI, our vigilance team will also continue their probe."

He added that a police case will be registered against the guilty and the bank will recommend strict actions to discourage such frauds in future. The main accused Chandani is said to have already left the city, while his family declined to divulge any detail.