the Bank manager was detained for allegedly "cheating" Rs 50 crore account holders.

Charges of money transfer fraud have led to the arrest of a private bank manager by the Mullanpur (New Chandigarh) police. The bank manager is accused of defrauding many customers out of Rs 50 crore by moving their money to the accounts of his family members.

Gaurav Kumar is the bank manager who has been implicated. Sanjeet Kumar, another bank worker, is vanishing. Gaurav Kumar deposited checks in his relatives' names by forging account holders' signatures.

The Axis Bank branch in Punjab's Bansepur hamlet, close to Mullanpur, is where the fraud took place. When they looked over their bank statements, they discovered the fraud.Simranjeet Singh, the house officer at Mullanpur Station (SHO), stated that they were searching for the other accused.

In order to learn more specifics about the scam, the SHO said, they were interviewing Gaurav Kumar.One of the victims, who lost Rs 9 lakh, expressed concern over whether or not they would receive their money back. When we spoke with several bank employees, they assured us that they would follow senior officials' instructions.