The branch manager of a nationalised bank is among the three persons booked for allegedly misusing the fixed deposit account of a customer to generate overdrafts worth ₹5.7 crore and transferring it to around 30 bank accounts in West Bengal and parts of the State within seven days this May.
The fraud came to light when senior officials stumbled upon the sudden spurts of overdrafts and initiated the probe.
Based on a complaint by D.S. Murthy, Zonal Manager of Indian Bank, the Hanumanthanagar police charged the branch manager, the assistant manager, and the clerk with cheating and forgery on Friday.
