The Manager of Indian Overseas Bank here has been arrested for allegedly swindling an NRI depositor's money to the tune of about Rs 1.15 crore.
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.
