Shimla: Relationship Manager, ICICI Bank, Kasumpti has been booked for misappropriating around Rs 3.89 crores of bank customers.

The accused has been identified as Arvind Kumar. 

According to police, the Branch Manager of ICICI Bank, Kasumpti Branch filed a complaint against the accused who had collected Rs 3.89 crores from customers on the pretext of mutual funds and deposited the same in his bank account.

Kumar was terminated after the bank initiated an internal inquiry into the matter.

He said that the bank has reverted most of the amount to the customers as a goodwill gesture. 

Superintendent of Police (SP) Dr Monica Bhutungru confirmed the report and said a case under section 406  and 420 of the Indian Penal Code (IPC) has been registered and further investigation is going on.