The city police's detective department arrested the former manager of Burrabazar branch of a private bank, who was at large for the past two years, on charges of misappropriating Rs 19.90 lakh after transferring the money that was kept as fixed deposit in his bank to a fictitious account in another private bank. Acting on a tip-off, the police conducted a raid at a house on Eliot Road in Central Kolkata and arrested the accused 35-year-old Md Shirazuddin. In 2014, Shirazuddin was posted as the manager of the Burrabazar branch of the private bank when he had liquidated a fixed deposit worth Rs 19.90 lakh of one Sushila Devi Bajaj. He had transferred the money to his own account in another private bank and had later withdrawn it. The matter came to light when the woman went to the bank to get her money in 2015, when the fixed deposit had matured. An internal inquiry was carried out by the bank authorities and subsequently, Shirazuddin was asked to return the money within a week. Instead of doing so, he had fled and was at large for the past two years. He used to keep changing his location in the city and its outskirts and used to stay at different places by changing his name and look.
The matter came to light when the woman went to the bank to get her money in 2015, when the fixed deposit had matured. An internal inquiry was carried out by the bank authorities and subsequently, Shirazuddin was asked to return the money within a week. Instead of doing so, he had fled and was at large for the past two years. He used to keep changing his location in the city and its outskirts and used to stay at different places by changing his name and look.
He was remanded to the custody of police till June 20 after being produced before the Bankshall Court on Wednesday.