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The branch manager, Anoop Pai, is accused of siphoning off around Rs 1.5 crore kept in the system account for emergency situations. It is gathered that Pai, a native of Mangaluru, had been the branch manager at the bank for 2 years now.
The fraud came to light during the audit at the branch conducted in March this year, sources said.
The branch manager Raghavendra, who replaced Pai, has raised a police complaint in this regard.
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