The Kerala Police have arrested a Bank employee, who’s a former Navy personnel, for allegedly swindling Rs 8 crore from the Canara Financial institution’s department in Pathanamthitta city.

Vijeesh Varghese, 36, was on the run for the past three months and was arrested from Bangalore.

Varghese, a clerk at the bank, was in charge of handling fixed deposit accounts. He allegedly used the system password to close fixed deposits of a few customers and transferred the amount to the accounts of his wife and relatives, police sources said.

 “He used a fake id in the name of Vikas Kumar and rented a flat in Bengaluru where he stayed with his wife and two children. He also played online games like ‘rummy’ and invested in the stock market. To avoid tracing, he had disposed of his old sim cards and bank cards,” police said.

The accused, a native of Avaneeswaram in Pathanapuram in Kollam district, Kerala went missing after the bank authorities detected the fraud.

In line with Bengaluru Police, a particular investigation crew from Kerala arrested the accused from a flat within the HSR structure in Bengaluru on Sunday and took him to Kerala for additional investigation on Monday.

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