Police said NRI Ponnusamy had deposited Rs 35 lakh, Rs 30 lakh and Rs 50 lakh between May 3 and 24, 2012 with a request to the manager to put them in fixed deposits.
But he allegedly put it in a different account and later siphoned off the money.
Police said Ponnusamy grew suspicious when the manager gave evasive replies when asked about the status of his account and later filed a complaint.