As branch manager at the Bhuvanendra College branch and earlier at Moodubelle branch of the bank, he had allegedly misappropriated Rs. 13.84 lakh from October 26, 2010, till recently by opening false accounts and taking money through ATM.

The police arrested a bank manager in Karkala on Wednesday on the charge of misappropriating Rs. 13.84 lakh.

The Karkala police said that according to a complaint given by the Deputy General Manager of SyndicateBank Regional Office, R. Subramani, the accused Suresh K.P. was working as a manager at the Bhuvanendra College branch of SyndicateBank. As branch manager at the Bhuvanendra College branch and earlier at Moodubelle branch of the bank, he had allegedly misappropriated Rs. 13.84 lakh from October 26, 2010, till recently by opening false accounts and taking money through ATM.

Case registered

He had allegedly sanctioned loans under fictitious names and the money from these accounts were drawn from the ATM. The amount of Rs. 13.84 lakh was public asset. Mr. Subramani urged the police to initiate legal action against the accused Mr. Suresh. Accordingly, a case was registered at the Karkala Town Police Station.

The police told The Hindu that Mr. Suresh was arrested in Karkala on Wednesday and investigations were on.

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