Tirupur: A senior manager of a private bank was arrested by Tirupur police on charges of cheating a Tirupur-based garment exporter to the tune of Rs 50 lakh.
According to police, Saravanan, 45, hailing from Madurai was working as branch head of Tamil Nadu Mercantile Bank at Tirupur branch between May 2014 to May 2017.
Recently, he allegedly approached a local garment exporter Manimaran, who is running garment manufacturing unit at Asher Nagar in Tirupur and sought his help to get a promotion.
Police said the accused convinced the exporter to deposit Rs 50 lakh in the bank's Tirupur branch, saying it would help him to get a promotion.
However, after booking the deposit, he gave no receipt for it. Whenever Manimaran contacted Saravanan to discuss the deposited money, he kept assuring the depositor that a receipt would be issued.
In the meantime, Saravanan transferred to the bank's Chennai branch in May 2017. As Manimaran demanded his money later, he returned only Rs 8 lakh so far. Irked by this, he brought the issue to the notice of the bank officials in Coimbatore.
Based on a complaint from the regional manager of the Coimbatore branch, the Tirupur Central Crime Branch registered a case. Saravanan was later suspended based on the complaint.
