₹71.41 lakh ATM fraud: Bank of Baroda assistant manager booked in Karnataka’s Bantwal
Mangaluru: The Uppinangady police have registered a case against an assistant manager of a Bank of Baroda branch in Perne village of Bantwal taluk for allegedly misappropriating ₹71.41 lakh by manipulating ATM cash deposits.
The accused has been identified as Subrahmanyam (30), a resident of Pulugujju, who was working as an assistant manager at the Bank of Baroda branch in Perne and was in charge of ATM supervision from September 4, 2023, to December 19, 2025.
According to the police, investigations revealed that between February 6, 2024, and December 16, 2025, Subrahmanyam allegedly failed to deposit the full cash amounts meant for the ATM and instead deposited lesser sums. Through this method, he is accused of misappropriating ₹70.86 lakh.
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During a safe locker inspection conducted on December 19, 2025, it also came to light that 4.400 grams of gold worth ₹55,000 had been stolen. The total loss to the bank has been estimated at ₹71.41 lakh.
Soon after the financial irregularities came to light, the accused reportedly left the branch without informing anyone. Based on a complaint filed by CVS Chandrashekhar (50), Regional Manager of Bank of Baroda, Jeppu, Mangaluru, the Uppinangady police registered a case under Sections 314, 316(5) and 318(2) of the Bharatiya Nyaya Sanhita (BNS), 2023.
Police said further investigation is underway
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Three company directors held in Rs 100-crore investment fraud in Kochi
Kochi (Kerala) (PTI): Police on Sunday arrested three directors of a firm accused of cheating hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.
The accused were identified as Muraleedharan, Ashik Murali and Akhil Murali, all natives of Thrissur.
The arrests were made by the Kalamassery police in connection with a fraud involving ATCOS (Agri Tourism Cooperative Society), a firm headquartered at Pathadipalam here.
Police said the company had promised high returns by collecting investments from the public in the agricultural tourism sector, but allegedly cheated hundreds of people and fled with the money.
ATCOS was registered under the Multi-State Cooperative Societies Act and operated 13 branches across various districts in Kerala, besides a branch in Coimbatore in Tamil Nadu, officials said.
When investors failed to receive their promised returns or the invested amount, complaints were filed with the police.
Officials said around 54 cases have been registered against the firm in 32 police stations across the state, including 29 cases at the Kalamassery police station alone.
Following instructions from Kochi City Police Commissioner K S Mahesh Kumar, a special investigation team was formed under the supervision of Deputy Commissioner of Police (Law and Order) Shehensha and Thrikkakara ACP Manoj Kumar.
The team traced the accused to an apartment in Amala Nagar in Thrissur, where they had been hiding after secretly renting the flat, officials said.
The bank accounts of the accused have been frozen, and steps have been initiated to trace their assets, officials said.
Police also conducted a raid at the company’s office at Pathadipalam and seized several documents related to the case.
The accused were produced before the Judicial First Class Magistrate Court in Kalamassery, which remanded them to judicial custody and sent them to Kakkanad jail.
Police said they would seek the custody of the accused for further interrogation as the investigation continues.
