"We have arrested Indrajit Chatterjee in connection with this case," joint CP (crime) Pallab Kanti Ghosh told PTI here today.
The incident came to light in mid march when Chairman of WBIDFC Avirup Sarkar lodged a complaint against the bank manager, after a huge chunk of fixed deposits worth Rs 120 crore went missing from the account.
According to WBIDFC officials, the Corporation had transferred Rs 59 crore to the Circus Avenue branch of UCO Bank on August 30 last year and on January 10 this year the corporation again transferred Rs 61 crore to the same branch.
The bank manager had claimed that around Rs 83 crore was missing from the account and signatures on the fixed deposit certificates were not genuine.
The bank manager was arrested thereafter.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%