Kozhikode: A news of fraud by a bank branch manager from Kerala has come to light which will shake your mind. The bank manager used his brain and committed the fraud so cleverly that it took the bank several days to catch his theft. According to reports, the Vadakara police of Kozhikode district of the state has registered a case against the former branch manager on the basis of the complaint of the new manager of the Vadakara branch of Bank of Maharashtra. Let us tell you that even after the transfer, the branch manager who committed the fraud did not join the new place.

This is how the secret of this big fraud case was revealed

The new manager of Vadakara branch, Irshad, found something wrong when he saw the gold pledged. It was found out that the gold kept in the bank was artificial gold. As soon as the matter came to light, there was a stir and when the investigation was done, it was found that it was a big scam. After this, Irshad contacted the police. Madhu Jaikumar, a resident of Tamil Nadu, was the manager of Bank of Maharashtra's Vadakara branch and was transferred to Kochi branch, while Irshad took over the work of Vadakara branch.

Gold worth Rs 17 crore was replaced
Even after several days, Jaikumar did not come to his new posting and during this time Irshad found some serious discrepancy in the gold pledged. According to the investigation, out of the 26 kg gold pledged, gold worth Rs 17 crore was found to be fake, that is, a large amount of gold was replaced. The police have registered a case and Jaikumar's mobile phone was found switched off. He has not been traced yet. The police are also surprised that how a person alone can commit such a big fraud. The police will soon record the statements of all the employees of the Vadakara branch in this entire matter.