Punjab: Bank manager, head cashier held for fraud

BANK MANAGER and head cashier of Oriental Bank of Commerce (OBC) of Rampura Phul branch in Bathinda district have been arrested on charges of fraud after a complaint that they were exchanging demonetised Rs 500 and 1000 notes illegally after banking hours for a commission.

Munish Bharti, the bank manager, and Gaurav Kumar, the head cashier, have been booked under section 420 of the IPC on the complaint of one Parveen Kumar.

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Rampura Phul DSP Gurjeet Singh Romana said, “Both were exchanging demonetised Rs 500 and 1000 notes illegally after the banking hours and were giving Rs 80,000 in new currency notes for Rs 1 lakh in old notes while keeping the cut with themselves.”

“As of now, we just have one complaint. We are probing if they had exchanged more money. Both will be produced in court on Friday,” the police officer said.