Bangalore: A top official of a multinational bank, his father and one more person were arrested for allegedly siphoning off Rs 1.33 crore of depositors' money.
Police said the arrests of the Vice President of the bank's Gandhi Bazaar branch here, his father and another person on Monday followed a complaint from the manager about discrepancies in deposit records. The three have been remanded in judicial custody, they said.
According to the police, investigations have revealed that the accused official, instead of depositing customers' money into their accounts, pocketed the amounts to the tune of Rs 1.33 crore himself and purchased properties and luxury goods.
The other two were held for abetment of the crime, they said.
Police said the arrests of the Vice President of the bank's Gandhi Bazaar branch here, his father and another person on Monday followed a complaint from the manager about discrepancies in deposit records. The three have been remanded in judicial custody, they said.
According to the police, investigations have revealed that the accused official, instead of depositing customers' money into their accounts, pocketed the amounts to the tune of Rs 1.33 crore himself and purchased properties and luxury goods.
Advertisement
COMMENTS
Advertisement
"Difficult To Decide..." - Jonty Rhodes Posts About Enjoying Local Food In Bengaluru Sports Unite Northeast Communities At 'Fields Of Hope' Event In Bengaluru Google Techie In Bengaluru Opens Up About Hair Loss Struggles Due To Hard Water, Internet Reacts INDIA's "Hit With Footwear" Protest In Mumbai Over Shivaji Statue Collapse Celebrated "Russian Spy" Whale Hvaldimir Found Dead In Norway: Report "It's Mom, I Love You": Mother Of Israeli-American Found Dead In Gaza Video: Vadodara Animal Rescuers Tripling On Scooter - With A Crocodile Ukrainian Drones Target Oil Refinery, Power Plants In Moscow, Says Russia Bollywood Romance Is Dead. Long Live Action! Track Latest News Live on NDTV.com and get news updates from India and around the world.