HYDERABAD: Taskforce police arrested the senior manager of AP Mahajan’s Co-Operative Urban Bank Ltd for siphoning off Rs58.49 lakh cash. The accused, Parol Subramanian Murali, 60, was working at Ghasmandi branch in
Secunderabad since November 2014. According to police, Murali was facing financial problems, so he started siphoning off money from bank’s current account.
The fraud came to light during an internal audit. The complainant K Suryanarayana Murthy, chief executive the the branch, noticed some fraudulent transactions from the current account to
Axis Bank. “The
internal audit revealed 35 fraudulent transactions from January 8, 2016 to September 15, 2018 by RTGS/NEFT transfers. Rs58,49,566 was transferred by Murali to his personal accounts in various banks,” Hyderabad commissioner
Anjani Kumar said.
Police found out that Murali resorted to illegal money transfers. He was arrested on Tuesday and cops recovered Rs56.3 lakh cash from him.