The cashier of the SBI’s branch at Paritala under Kanchikacherla police limits was arrested on Sunday for alleged misuse of the property mortgaged by customers.
The accused, Srinivas Rao, allegedly took away gold jewellery of about 2 kg of various customers and fraudulently made money, according to SP M. Ravindranath Babu.
The police recovered gold and cash worth about ₹88 lakh, the SP said.