LONDON: An NRI clerk at HSBC bank here has been charged with a bid to rob the bank to the tune of 70 million pounds.

While disclosing this Friday the police said that 25-year-old Jagmeet Channa, who worked in the back office at the HSBC headquarters at Canary Wharf, was charged with conspiracy to defraud, money laundering and abusing a position of trust at the HSBC bank.

He was remanded to custody till June 25.

As per the band statement, "HSBC is cooperating fully with a police investigation into the alleged fraud and the issue is before the court. No customer funds were involved and no transactions were disrupted." Channa from Ilford in Essex was an administration clerk, responsible for ensuring that records of trades were checked through at the end of the day.

The alleged fraud is stated to have involved moving money electronically from one account to another. Three other men are on bail in connection with the case, police said.