SOUTH
The employee had been scamming off the bank since 2012 and reportedly stole ₹100 crore of depositors’ money to fuel his ultra extravagant life.
Here’s how he burned through the stolen money
Sarathi misappropriated cancelled cheques given by bank customers. He swindled ₹30 crore at Bijapur DCC Bank, ₹1.65 crore in Siddeshwara Co-operative Bank, ₹13.45 crore from NHAI (National Highways Authority of India), ₹2.25 crore from Kiran Merchants Association, ₹19.25 crore from Vijaypura Citi Co-operative Corporation, ₹4 crore from Vijaypura Water Supply Board, ₹7.60 crore from SBI.
The Regional Manager of ICICI Bank had filed a complaint against two officers in this connection with the crime and it was subsequently transferred to CID, says a report by Bangalore Mirror.
CID sleuths finally nabbed him at the India-Nepal border. The police have recovered ₹40 crore, including some important property documents.