Suspended bank manager walks into police station with Rs 2.7 cr

Suspended bank manager walks into police station with Rs 2.7 cr

BHOPAL: Ten days after he and two others were placed under suspension on charges of embezzlement, a bank manager on Monday walked into a police station in Harda city with the ‘loot’ and surrendered. Sudharshan Joshi was carrying four gunny bags stuffed with currency notes worth over Rs 2.7 crore.

On January 23 branch manager Joshi and two others had been booked for embezzlement of funds after Rs 2.77 crore was found missing from Harda District Co-operative Bank in the city, 115km from Bhopal. The theft had come to light during an inspection by district administration officials a day earlier.

“Joshi came around 12.30 pm and it took six hours for bank staff to count the currency with help of a counting machine,” Harda district SP Prem Babu Sharma told TOI. “We’ve come to know that a car dropped him outside the police station. A search is on for the car owner. The process of seizure of money is on and once it’s complete, we’ll get Joshi’s medical tests done and arrest him.”

The police will record Joshi’s statements, produce him before a court on Tuesday and seek his remand for investigations.

“Of Rs 2,77,00,650 that was missing from the bank, Joshi has submitted almost all the money,” Sharma said. “Only Rs 29,000 is missing. He surrendered since he found there was no way he could escape action. The process for the attachment of his properties will start soon.”

The SP said the police had learnt the whereabouts of another accused, bank cashier Bhawna Kale, and a team would be sent to Maharashtra to arrest her.

http://timesofindia.indiatimes.com/city/bhopal/Suspended-bank-manager-walks-into-police-station-with-Rs-2-7-cr/articleshow/46102391.cms

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