Daijiworld Media Network – Karkala (VM)
Karkala, Jun 29: Suresh KP (29) who was working as a manager in Bhuvanendra branch of Syndicate bank was arrested on charges of misappropriating funds on Wednesday June 27 and was sent to Hiriyadka Jail.
It is learnt that he opened fake accounts in fictitious names and created fake loans on them. He used to withdraw money from ATMs, committing a fraud of Rs 13.84 lac.
In 2009, he joined as a manager in Mudubelle branch. Over there he had created fake accounts in the name of Chikanna and Chaya and the money was transferred to Madhugiri branch and later to his account.
The fraud came to light recently, after which strict action was taken against him.
Suresh was good at studies in school. He has completed MA, MBA and also holds a PhD degree.
Out of the illegal money he amassed, he bought an eight acre property in Tumkur for Rs 4 lac, spent Rs 4 lac on his wedding (a month ago) and Rs 2 lac on his niece's wedding. Even after acquiring wealth through fraudulent means, he stayed in a rented house without modern amenities.
A case has been registered in the Karkala police station as per the complaint lodged by R Subramani, regional office deputy manager of Syndicate Bank.