Two co-operative bank managers were arrested by the police for allegedly duping a man of Rs15 lakh, in connivance with a bank customer.
"Gajanan Pawar, 56, manager of Raigad Sahakari Bank, Kalachowky and Dattaram Desai, 56, manager of Apna Sahakari Bank, Naigon branch, were arrested for cheating and forgery on Wednesday," said senior Police Inspector Sudhakar Ghagre. The accused have been remanded to judicial custody till November 4.
Yashwant Dhawade, 45, resident of Borivli (West) stated that he got Rs15 lakh after selling is land in 2006.
In 2010, his friend Avinash Gaikwad, electrical contractor, took the same Rs15 lakh from him on the pretext of depositing it in Apna Sahakari Bank and Raigad Shakari Bank.
When Dhawade recently visited both the banks he discovered that someone had forged the signatures and had withdrawn all his money.