Hyderabad: A clerk working at a state-run bank here was arrested on Tuesday on charges of cheating and criminal breach of trust after he and his colleague allegedly deposited Rs6 lakh in demonetized currency without ID proof and withdrew equal amount of new currency.
V Mallesh allegedly colluded with cashier Radhika and deposited the demonetized currency in the bank last Saturday without ID proofs and withdrew an equal amount of new notes (Rs2,000 new currency notes), assistant commissioner of Police (L B Nagar division) P Venugopala Rao said.
Police had registered a case under sections 420 (cheating) and 406 (criminal breach of trust) against Mallesh and Radhika, who is absconding. “As RBI rules were not followed in connection with the deposit of the demonetized notes in the bank, the bank manager had lodged a complaint with police on Sunday. Out of the new currency, an amount of Rs5.6 lakh was returned to the bank authorities by the clerk and the cashier,” police had said. Further investigation is on.