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Bank manager booked for misappropriating over Rs 1.2 crore

Margao: Manager of ICICI Bank’s Arlem branch has been booked by Maina-Curtorim police for allegedly cheating and misappropriating Rs 1,20,50,000 of a account holder.

Maina-Curtorim police said that as per a complaint lodged by a resident of Gogol between March 18 to May 2020 at ICICI Bank’s Arlem branch, manager Gulsan Gusai obtained blank cheque signed by the complainant and also of the account jointly held by complainant and his father promising to pay as a premium of life insurance policies of ICICI Prudential Life Insurance and transferred the amount in the account of complainant’s sister.

However the accused allegedly misappropriated an amount of Rs 1,20,50,000 from the account of complainant  and his joint account by using the signed cheques  to withdraw the amount for his personal use and transferred the amount in account of one enterprise on different occasions and did not pay premium of life insurance policies of ICICI Prudential Life Insurance and thereby committed breach of trust  and cheated the complainant. Police said that based on the complaint, an offence under sections 406 and 420 of IPC has been registered against the branch manager Gulsan Gusai and investigation is in progress.

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