Summary:
While the three have been arrested, the bank manager Nallaperumal Pillai was absconding, an official involved in the investigation said. A case was registered against the branch manager and the other three — Balaji Venkatesan, Meenatchi Sundaram and Parasakthi. However, Mr.
Baskar later found that forged documents were created in the name of three sellers to sell him a non-existent land. Believing in him, the complainant initially transferred ? 20 lakh to the branch manager and later gave him a blank debit slip with his signature for withdrawal. The FIR said that ? 1.59 crore was subsequently withdrawn from the account under the pretext of payment for purchasing the land..