Bank manager takes away mortgaged gold, arrested

Bank manager takes away mortgaged gold, arrested

Submitted by alvin on Mon, 2016-03-28 15:17 Udupi: In a major embarrassment to Allahabad Bank, its manager in Udupi was arrested for taking away gold ornaments, which were mortgaged in the bank and duping the bank authorities. The police recovered 426 gm of gold worth Rs 12 lakh from Harishchandra Pai.According to the police, the issue came to light when five customers of the bank who had mortgaged their jewelry in the bank were shocked to find their valuables missing. They had lodged a complaint with the senior officers of the bank. On Sunday, the police arrested manager Pai. Further probe is on.