A branch manager of a private finance company who had allegedly decamped with more than Rs 20 lakh in cash deposited with his organisation here last month, has been arrested from Uttar Pradesh's Ballia district, police sources said.
Santosh Gupta, a former branch manager of a private finance company who had allegedly run away with Rs 20 lakh, was arrested from Uttar Pradesh's Ballia district yesterday, local Kanadia police station sub-inspector S N Katiyar said here today, adding that Rs 17,30,000 in cash was seized from him.
His arrest came after the finance company complained against him, Katiyar said.
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Allegedly, Gupta got four cheques worth Rs 5.5 lakh each, belonging to his company encashed from a bank and decamped with it on November 20 this year, Katiyar said.
Katiyar said that Gupta has been charged with Section 407 (criminal breach of trust) of the Indian Penal Code.
