Wednesday, March 17, 2010

Manager arrested for duping bank of Rs15 crore

Mumbai: The officers of the Economic Offences Wing (EOW), of the Mumbai Crime Branch arrested the general manager of a private bank on Monday for allegedly misappropriating the bank’s funds to the tune of Rs15.55 crore.

The arrested man has been identified as Hillary Grecian Anthony Barboza, a resident of Virgo Villa Apartment on SV Road in Bandra (W).According to the police, Barboza was working as the general manager of a co-operative bank that has its branches at Dadar and Lower Parel. “Between 2002 and 2005, there have been several cases of dividend warrant misuse, current account misuse and current account cash-credit misuse found within the bank.

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