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The Bank Fraud Investigation Wing of the Central Crime Branch on Wednesday (April 23, 2025) arrested a branch manager and a clerk of Indian Bank for misappropriation of funds in Chennai.
According to the police, Sathya Narayana, regional manager of Indian Bank, lodged a complaint with the City Police Commissionerate, alleging that Sundar Mohan Maji, manager of Santhome branch, and clerk P. Jaysingh colluded and engaged in misappropriation.
The complainant alleged that the duo misused their official positions to withdraw money from customers’ accounts by forging their signatures or by accessing dormant accounts.
They had also obtained loans in the names of customers without their knowledge, and later settled these loans by pledging jewellery. They swindled 146.500 grams of jewellery from a customer, and caused a loss of ₹23 lakh, the complainant alleged.
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