The arrested was identified as Mohan (45), a resident of Acharapakkam, working at the Central Bank of India at Chithamur near Madurantakam. The police said that Mohan was suspended six months ago and given time to return the looted money.
During the demonetisation, Mohan who received the money from 45 people but did not show it in the account. During the audit, the bank’s regional manager Subramanian found that there was a shortage of Rs 7.5 lakh. After an inquiry, they found Mohan had swindled the money.
Following this, Mohan was suspended and a complaint was filed with the CCB. Mohan confessed to the crime and was given six months to pay the money back. Four months ago, Mohan paid Rs 2.5 lakh and did not pay any money after that. On Tuesday morning, Mohan was arrested by the CCB officers and was remanded in judicial custody and sent to Vellore prison.