Bidadi police have booked a case against the manager of SyndicateBank for misappropriating Rs. 2 crore to facilitate customers known to him.
Ramnagar district Superintendent of Police, Anupam Agarwal, said the accused, Krishnamurthy, used to clear the cheques of some of his acquaintances, despite not having the requisite amount in their account.
The scam came to light during the annual audit following which a notice seeking explanation was issued. When there was no response from Krishnamurthy, a team of officials from the bank’s head office visited the branch to take stock.
Verification of records revealed large-scale irregularities committed by Krishnamurthy and 30 account holders along with two others staff members of the bank.
“We have registered a case based on the complaint,” Mr. Agarwal said. The police are on the lookout for Krishnamurthy and the others, who are absconding.