According to complaint lodged by the bank Assistant General Manager, the branch manager colluding with two account holders has caused a fraud while sanctioning loan.
The complainant said, the manager was the "mastermind". He
had opened 43 fake accounts for sanctioning loan and has transferred the money in them (accounts). The manager was assisted by his two friends who were the account holders in the same branch.
Police suspects involvement of more bank staffs in the scam.
Police said they visited the bank to question the branch manager, but he was absconding. Efforts were on to trace the other two. Police said they are sure to nab all the three shortly.
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