Bank manager siphons off Rs 5.83 lakh

GONDIA: The marketing manager of Indusind Bank, Gondia branch has been alleged to have siphoned off Rs 5.83 lakh by using fake seal of Axis Bank. Gondia police have registered offence against the accused. However, Agade is said to be absconding.
According to police sources, Indusind Bank branch which is located in Kuber Tower had been involved in collecting interests and the daily collection was deposited in the local Axis Bank branch. Khushal Aagade (33) who was the marketing manager of Indusind Bank, had allegedly prepared a fake seal of the Axis Bank and gave fake receipts of the Bank to the customers who were depositing their money with him. But he had not been depositing these amounts in the bank.
Customers, who later on found their money missing, complained to the head office. An enquiry by the Bank's head office revealed that Agade must have siphoned off an amount of Rs 5.83,160 during the period March 30 to April 26 this year. So on June 14, the regional manager of the Bank in Nagpur, Narendra Diyewar lodged a complaint with the Gondia police. Police have registered offences against Aagade under section 420, 467 and 471 of IPC.