Kendrapara, Jul 9 : A former Bank Manager was arrested by Kendrapara Town police on Friday on the charges of duping a customer of lakhs of rupees on the pretext of sanctioning loans at low interest rate.
Police identified the accused as Manmohan Mohanty, a resident of Matiapada village under Kumbharpada Police limit of Puri district.
Kendrapara SP Madkar Sandeep Sampat said the accused, who was working as the Branch Manager of Canara Bank of Kendrapara Branch in 2013, allegedly duped a sum of Rs 13 lakh from the account of one Satyajit Das, proprietor of Santasahi-based Jagannath traders using cheques which he had given him for sanction of loans.
Later,the Branch manager was transferred from Kendrapara.
When Satyajit did not get back his money, he lodged an FIR at Kendrapara town police station against the bank Manager.
The police registered a case under Section 420, 468, 471 and 324 of IPC and later arrested him from his Saheed Nagar residence after conducting raids in different hideouts.
The accused was later produced in front of the local court which remanded him to police custody.
Sources said Mr Mohanty used to collect bank cheques and documents from the customers to sanction loans at low interest rates and later he managed to debit the funds from the accounts of customers in a fraudulent manner.
The manager defrauded not less than half a crore of rupees from the gullible customers, Additional IIC of Kendrapada Town police station Saiman Lakra said.
