Chennai: Two former staff with Karnataka bank including then Anna Nagar branch manager were among the four persons arrested for defrauding the bank upto Rs 21 crore by doling out fake schemes.
The accused were identified as J Sriram (39), a jeweller from Red Hills, his employee, K Padmanaban (64) and former manager of the Anna Nagar branch - V Suraj (44) and another bank staff, S Punniyakoti (65).
The accused were arrested based on a complaint by the present manager, VK Moorty after an audit revealed a loss of Rs 21 crore to the bank. During investigations it was found that, the accused had conspired to issue fake jewellery to the public under a fictitious government scheme.
All the four accused were produced before a court and remanded in judicial custody.
