Purvanchal Bank's Sonwani branch manager Anil Singh and cashier Ramesh Ojha have been charged with embezzling Rs 12.5 lakh and not depositing old currency to SBI before December 31 deadline post demonetisation.
The FIR was registered yesterday on the complaint of Regional Manager of Purvanchal Bank, Sharad Gupta, police said.
Both the accused have already been suspended by the bank.
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