Hyderabad: Private bank staff booked in embezzlement case

The Punjagutta police have booked a case against the manager and staff of a private bank for allegedly embezzlement of funds to the tune of about Rs 6 crore from the account of a Non-Resident Indian (NRI).

Hyderabad: The Punjagutta police have booked a case against the manager and staff of a private bank for allegedly embezzlement of funds to the tune of about Rs 6 crore from the account of a Non-Resident Indian (NRI).

As per available information, the suspects who are employees of the bank in Srinagar Colony had conspired together and over a period of time, embezzled the funds in the account of the complainant. They further used the money for personal need.

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The fraud is learnt to have come to light after the complaint grew suspicious over the lack of funds in his bank account and alerted the bank authorities.

Based on a complaint, the Punjagutta police have booked a case and took up investigation.