Former cashier of a local branch of a private bank has been arrested for allegedly misappropriating bank funds to the tune of Rs 1.30 crore, police said.
Arunkumar, who was a cashier with the Kadapa branch of ICICI between 2008 and 2011, was arrested yesterday here and cash and property worth Rs 1.05 crore was recovered from him, they said.
In December, police had registered a case of misappropriation against Arun Kumar, after an audit report revealed the amount of misappropriation, following which, a complaint was lodged against him, which mentioned that he had pocketed Rs 1.30 crore during his tenure.
Cash worth Rs 58.80 lakh, gold worth Rs 1.25 lakh and original registered document of land sites worth Rs 40 lakh were recovered from him.
Arunkumar, who was a cashier with the Kadapa branch of ICICI between 2008 and 2011, was arrested yesterday here and cash and property worth Rs 1.05 crore was recovered from him, they said.
In December, police had registered a case of misappropriation against Arun Kumar, after an audit report revealed the amount of misappropriation, following which, a complaint was lodged against him, which mentioned that he had pocketed Rs 1.30 crore during his tenure.
Cash worth Rs 58.80 lakh, gold worth Rs 1.25 lakh and original registered document of land sites worth Rs 40 lakh were recovered from him.
Advertisement
COMMENTS
Advertisement
Indians' Funds In Swiss Banks Plunge 70% To Hit 4-Year Low This Bank Fired A Dozen Employees For Faking Keyboard Activity Gurugram Bank Employee Opens Fake Accounts For Fraudsters To Meet Targets, Arrested "Jindal Group Executive Showed Porn, Groped Me On Flight": Woman To NDTV Massive Worldwide Microsoft Outage: Flights, Markets, Stock Exchange Down Over 300 Indian Students Return Home As 105 Bangladeshis Killed In Protests Tesla Halted Some Production Lines Due To Global IT Outage: Report SpiceJet Says Services Up Again After "Resolution" Of Microsoft Outage Zuckerberg "Not Planning" To Endorse Biden Or Trump In US Presidential Polls Track Latest News Live on NDTV.com and get news updates from India and around the world.