Chennai: The Bank Fraud Investigation Wing of the Central Crime Branch (CCB) has arrested three employees of IndusInd Bank’s Anna Nagar branch, including a deputy manager, for allegedly embezzling more than Rs8 crore from Non-Resident Indian (NRI) accounts.
The arrests followed a complaint lodged by Arjun Pandian, on behalf of his relatives Dinakar Pandian and Chitra Pandian, who are based in the USA. The couple maintained three separate bank accounts at the Anna Nagar branch—one joint NRO (Non-Resident Ordinary) account and two NRE (Non-Resident External) accounts.
According to the complaint, large sums of money were illegally withdrawn or transferred without the account holders’ knowledge. Investigations revealed that the accused used their access to sensitive banking credentials and internal systems to systematically divert funds from these accounts over a period of time.
The deputy manager is suspected to be the key conspirator, aided by two subordinate staff members. The CCB is investigating whether other customer accounts were similarly compromised and if more employees were involved.
Authorities have reassured the victims and the public that recovery efforts are underway and strict action will be taken against all those involved.
