Machilipatnam (AP), June 4 (PTI) A cashier of a nationalised bank was booked on Thursday on charges of misappropriation of Rs 1.56 crore of the bank funds in Krishna district, police said.

Based on a complaint from Chief Manager, a case had been registered against the cashier of the bank branch in Nuzvid town and a search was on for him, Circle Inspector P.Ramachandra Rao said.

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The man had allegedly tampered with the bank records and used forged signatures over a period of around six months.

The fraud came to light during routine audit recently and the total misappropriation was to the tune of Rs 1.56 crore, police said.

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Based on findings of an internal inquiry, the bank authorities formally lodged the police complaint.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)