K J Adhvaryu, clerk attached to the Gopipura branch, had defrauded the bank of Rs 1.01 crore over a period of six years from 1988 to 1994. He had accounts in both the Gopipura and the Surat (Main) branches. He would deposit cheques drawn on the Surat (M) branch to his account in the Gopipura branch, prepare a debit note, make entries in the home clearing register and would ensure that the debit note and the cheque never reached the Surat (M) branch. He deposited 71 such cheques. The fraud came to light only when the Bank's statutory auditors at Mumbai, while finalising the balance sheet for March 1994, raised queries regarding unreconciled old entries of Gopipura branch since 1988.