Citibank manager behind Rs.200 crore fraud arrested

Citibank manager behind Rs.200 crore fraud arrested

"Puri surrendered at around 12.30 p.m. He has been taken into custody and will be presented before the court later in the day," Gurgaon Police Commissioner S.S. Deswal told reporters.

Puri, the bank's relationship manager, allegedly cheated investors by promising to double their money. Since the task of opening new accounts had been assigned to him, he managed to dupe many people without the bank's knowledge.

He had been on the run since the fraud came to light Tuesday.

The Gurgaon police commissioner had Wednesday constituted five police teams to solve the case.