Uttarakhand Police and sleuths of Special Task Force, led by Senior Superintendent of Police DC Dhondiyal, arrested former SIB Manager Manoj Kumar Aar from Tamil Nadu's Nagircoil yesterday, while the then Bank Assistant Jacob Kovur was arrested from Coimbatore on May 31, police said.
The District Court issued non-bailable warrants against the duo and they are being brought to Dehradun on a transit remand.
The duo is accused of issuing fake pay orders, fraudulent transfer of huge amounts to other banks, issuing fake cheques to syphon off money to the tune of Rs 34 crore. When the fraud came to the light in 2012, a complaint was registered in Dehradun Kotwali police station by the bank against them.