The accused colluded with the cashier to deposit and then transact Rs 6 lakh in new Rs 2000 notes.
A clerk working at a state-run bank here was arrested today on charges of cheating and criminal breach of trust after he and his colleague allegedly deposited Rs 6 lakh in demonetised currency without Identification proof and withdrew equal amount of new currency.
V Mallesh allegedly colluded with cashier Radhika and deposited the demonetised currency in the bank last Saturday without ID proofs and withdrew an equal amount of new notes (Rs 2,000 new currency notes), Assistant Commissioner of Police (L B Nagar Division) P Venugopala Rao said today.
Police had registered a case under sections 420 (cheating) and 406 (criminal breach of trust) against Mallesh and Radhika, who is absconding.
"As RBI rules were not followed in connection with the deposit of the demonetised notes in the bank, the bank manager had lodged a complaint with police on Sunday. Out of the new currency, an amount of Rs 5.6 lakh was returned to the bank authorities by the clerk and the cashier," police had said. Further investigation is on.