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 here today.
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.
City police had appointed a special team to track the accused.
According to Rao, the accused had gone on sick leave from June 27 and began working in a private bank in Jharkhand.
The fraud was detected after an internal audit conducted by the bank.
The bank officials traced the transactions of the accused in Odisha, as he had started withdrawing money from
various ATM centers there, following which, a special police team went to Odisha and arrested the accused and recovered the cash from him.
———————–PTI