Manager arrested in Rs 1.2 crore Bank fraud

Kolkata, Oct 19 (UNI) Police today produced in the court the branch manager of a nationalised Bank in connection with a Rs 1.2-crore fraud case and started investigation into the involvement of an organised racket in it.

Police said the accused was arrested by CID from his residence on the eastern part of the city late last night.

Aniruddha Deb Roy, the Manager of the Salt Lake branch of Oriental Bank of Commerce, had been under suspension for some time following an investigation by the authorities into siphoning of money in the name of loan disbursement.

A total amount of Rs 1.2 crore had been disbursed from the branch as loans towards a fake construction company. Later a move of the Bank authorities to recover the loan led to the revelation that the documents were forged, the company was fake and the recipients were fictitious.

The CID started a thorough investigation into the whole affair following a complaint lodged by the Bank authorities.

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