In the Haveri town of Karnataka, a 28-year-old assistant manager of a bank has been arrested for swindling Rs 2.36 crores of deposits to play online gambling games. Since the amount stolen is more than Rs 2 crore, the district police handed the case over to the Central Investigation Department (CID).
The accused has been identified as Viresh Kashimath, a resident of Haveri town who has previously worked as an assistant manager of ICICI bank. As per the district police, the manager at ICICI bank Devadhar Lade approached the police recently and reported a loss of Rs 2.36 crores.
The bank conducted its own internal investigation and found that Viresh Kashimath could only transfer Rs 5 lakh per day to accounts which were necessary for banking operations. They also found that Viresh Kashimath has been transferring money to a friend Mahantheshaiah P Hiremath’s account since August last year.
This went unnoticed for several months but lately the authorities found a huge sum of money missing when the auditing of the branch was being conducted.
“Upon inquiry, it was found that Kashimath had been transferring money to Hiremath and using the same money to play online gambling games. There were many days where he transferred Rs 5 lakh and the bank officials got to know about it only on February 7,” a police officer said as reported by Indian Express.
“Kashimath was addicted to online games and started siphoning money from customers. He played online games such as Rummy and others. When we arrested Kashimath, we managed to recover Rs 32 lakh cash from him,” the officer added.
SI of the Haveri Police station Shivakumar told the media that the case has been transferred to CID.
The Haveri police had registered a case under sections 406 (criminal breach of trust), 409 (Criminal breach of trust by public servant, or by banker, merchant or agent) and 420 (cheating) of the Indian Penal Code (IPC) and the accused is presently in judicial custody.