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Police Arrest Former Axis Bank Manager for Rs 1 Crore Scam in Guwahati

GUWAHATI: Arunachal police has arrested former Axis Bank deputy manager Luhit Parajuli from Guwahati for allegedly misappropriating Rs 1 crore and getting away with Rs 25 lakh from the office account.

At the time of the incident Parajuli was posted as the deputy manager in the Axis bank, Itanagar branch in Arunachal Pradesh.

Reportedly, the accused had attempted to intimidate the complainant (a bank employee) to provide information of the bank customers on the pretext of a secret mission after demonetisation by claiming to be an IPS officer and an undercover agent of the CBI from Guwahati.

In the meanwhile a complaint was lodged on 21 June at the Itanagar police station against Parajuli for misappropriating about Rs 25 lakhs from the office bank account of the Axis Bank.

Reportedly, due to prompt efforts of Manager and other staffs of the bank, a sum of Rs.75 lakhs was reverted back to the bank but Rs.25 lakhs was already dapped by Luhit Parajuli who left the job soon after committing offence.

According to reports, the missing 25 lakh was later compensated by the office staff of the Itanagar Branch.

On receiving the complaint, Sub Inspector, N Nishant took up the investigation under the close supervision of the SP and other senior officers.

During investigation, it was revealed that Parajuli had siphon off around Rs 1 crore from the Axis Bank’s office account and transferred it to different accounts.

The police informed that the accused had been absconding from Itanagar and had changed his address five times in the last four months causing hurdles for the police team to trace him. 

Later, the investigation officer started tracking him and finally arrested him from Guwahati, Assam, the SP said.

The arrested accused will be produced before the CJM Court for police remand and further investigation to ascertain for involvement of others in the case.

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