Ex-director of bank held for siphoning off Rs6.65 crore

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The Economic Offences Wing of Delhi Police has arrested the 34-year-old suspended assistant director with Standard Chartered Bank for allegedly siphoning off Rs6.65 crore from the bank accounts of its clients by fraudulently generating working capital demand loans,

getting the money transferred to the accounts operated by him and his accomplices rotating funds to evade detection. Investigators are still probing the role of his accomplices. Deputy Commissioner of Police (EOW), KK Vyas said that the accused has been identified as Tejash Mukesh Mehta, ex- Associate Director, Client Coverage in Standard Chartered Bank.        

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