A former IndusInd Bank manager from Khammam, absconding for two years, was arrested for embezzling Rs 3.5 crore through fraudulent student loan schemes, misusing customer cheques, and diverting funds into personal accounts and stock market investments.
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).
