Sudham Chandra Pyne, the manager of Bank of Baroda, Howrah main branch, was arrested from his home in Kolkata earlier in the day by CID sleuths following complaints by a Burdwan-based businessman.
CID sources said the bank manager allegedly defrauded the businessman by encashing his cheques and depositing the money in a false account opened in the bank.
Businessman Tuhin Bhandra Dey had complained that the bank manager in collusion with other employees had defrauded him of Rs 2,72,736 he had sent through two cheques drawn on a private bank for business purpose to a Howrah-based trader on June 4, 2010.
The businessman found that the cheques did not reach the trader but the money was encashed.
Alleging that the bank manager refused to take his complaint when he tried to meet him, the businessman had lodged his complaint with the CID, the sources said.
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