Visakhapatnam: Former probationary officer of a local branch of Central Bank of India was arrested in Berhampur in Odisha for the alleged illegal transfer of Rs 1.5 crore into his bank account, police said.
Abhayanand Paswan, probationery officer from the Dwarakanagar branch of the bank, was arrested and cash worth Rs 1.48 crore was recovered from him, Commissioner of Police J Purnachandra Rao said during a press conference in Visakhapatnam on Sunday.
Assistant general manager of the branch G Venkata Subba Rao had lodged a complaint against Paswan on June 29 alleging illegal diversion of Rs 1.5 crore into his personal account.
According to Mr Rao, the accused had gone on sick leave from June 27 and began working in a private bank in Jharkhand.
The bank officials traced the transactions of the accused in Odisha, as he had started withdrawing money from various ATM centres there, following which, a special police team went to Odisha and arrested the accused and recovered the cash from him.
Abhayanand Paswan, probationery officer from the Dwarakanagar branch of the bank, was arrested and cash worth Rs 1.48 crore was recovered from him, Commissioner of Police J Purnachandra Rao said during a press conference in Visakhapatnam on Sunday.
Assistant general manager of the branch G Venkata Subba Rao had lodged a complaint against Paswan on June 29 alleging illegal diversion of Rs 1.5 crore into his personal account.
According to Mr Rao, the accused had gone on sick leave from June 27 and began working in a private bank in Jharkhand.
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The bank officials traced the transactions of the accused in Odisha, as he had started withdrawing money from various ATM centres there, following which, a special police team went to Odisha and arrested the accused and recovered the cash from him.
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