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Bank manager arrested for misappropriation of customer's money

Press Trust of India  |  Kolkata 

Manager of a private in the city was arrested for his alleged involvement in misappropriation of funds of a customer, police said today.

Mohammed Shirazuddin (35) was arrested late last night from Park Street area for siphoning funds of a customer, an old lady, a senior officer of Police said today.


"The entire incident happened in 2015 when Shirazuddin was the manager of the Burrabazar branch and Sushila Devi Bajaj approached the on maturation of her fixed deposit," the officer said.

Shirazuddin had allegedly transferred Rs 19.90 lakh from the account of Sushila Devi Bajaj in the same branch by liquidating the fund, he said.

"The accused then transferred the same amount to a fictitious account of same name in another in the same Burrabazar area. After that he withdrew the entire cash," the officer said.

On the basis of the complaint of the lady an internal probe set up by the indicted that Shirazuddin was the culprit.

"During an internal enquiry the accused manager had promised of returning the entire amount to the lady but he fled and it was then when the lodged a complaint with the police," he said.

The accused was on the run for over six months and was arrested yesterday, the officer said.

Shirazuddin was produced at a city court which remanded him to police custody till June 20, the officer added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 00:32 IST
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