A bank officer usurped Rs 1.5 Cr and diverted the funds to his personal accounts but was caught red handed by the police. Nearly Rs 1.48Cr was recovered from the alleged officer. The incident occurred at Vishakhapatnam branch of the Central Bank of India. The Assistant general manager of the branch G Venkata Subba Rao charged Abhayanand Paswan former probationary officer from the Dwarakanagar branch of the bank, for usurping bank funds upto Rs 1.5 Cr. Based on a complaint, police arrested Paswan in Berhampur in Odisha, on Sunday.

According to Mr Rao, Paswan was on sick leave from 27 of June. The suspicion was aroused as Paswan was working for a private bank, while on leave. In addition, an internal audit revealed the fraud. City police along with the bank officials started tracking the missing Paswan. Moreover, his ATM withdrawals from the place where he was arrested revealed his hideout. Police tracked him down and arrested him, after recovering the cash.  (With inputs from internet- AW AarKay)