Gururaghavan was handling the maintenance fund, which was used to carry out repair and renovation works of the bank regularly.
| Photo Credit: SPECIAL ARRANGEMENT
A 28-year-old associate clerk of a nationalised bank at Sholinghur town in Ranipet was arrested by the Bank Fraud Investigation Wing of the Ranipet Central Crime Branch for embezzling around ₹2.5 crore from the maintenance fund of the bank.
The arrested person was identified as S. Gururaghavan, a resident of Walajah town. He was working in the bank for the past few years, and was handling the maintenance fund, which was used to carry out repair and renovation works of the bank regularly.
Initial inquiry revealed that during an internal audit, K. Sautaniya, bank manager, found discrepancies in credit and expenditure of the accounts maintained under the fund. The bank team found that Gururaghavan had embezzled around ₹2.5 crore in cash by attaching fake receipts for works and manipulating the ledger accounts.
Based on a complaint by the bank manager to Ranipet SP Ayman Jamal, a case was registered and Gururaghavan was arrested. Further probe is under way.
Published – November 26, 2025 05:30 am IST
