Three employees of a bank in Chennai have been arrested for misappropriation of money from customer bank accounts.

A deputy manager and two cashiers of IndusInd Bank, Anna Nagar branch, have taken over Rs. 8 crore by fraudulent means over a period of five years, from 2015 to 2020.

Venugopal, 50, and cashiers Kulothungan, 49, and Dhanasekaran, 41, had forged signatures and misappropriated money from customer bank accounts.

The city police’s Central Crime Branch acted upon a complaint made by a relative of an NRI couple, who suspected something was amiss in connection with their NRE (non-resident external) and NRO (non-resident ordinary) accounts. The couple, who are based in the US, noticed that Rs. 1.43 crore was missing from their accounts in Anna Nagar branch.

All the three bankers have been arrested and remanded to judicial custody.

Further investigations now reveal that the trio had misappropriated funds from many more customers. – editor@nrifocus.com