A man has been arrested in Mulayam Nagar of Phephna area in Ballia, Uttar Pradesh, for allegedly operating a fake branch of a bank, police said.
The fake branch, which was busted, was of the Karnataka Bank. The police, reportedly, have seized Rs 1.37 lakh from the man.
The arrested man was identified as Aafaq Ahmed from Badaun, according to a report in the Times of India. He was operating this branch as manager and was disguising as Vinod Kumar Kambali.
Superintendent of Police SP Ganguly said that following reports about a fake branch of Karnataka Bank Ltd, bank officials from Varanasi and Delhi came here on Wednesday and on the basis of their report, he was arrested.
Over Rs 1.37 lakh cash, three computers, a laptop, two mobile phones, a printer, some bank passbooks, pay-in and deposit slips and other items were recovered from him, the SP said.
A case has been registered in this connection at Ballia Kotwali and investigations are on, the SP added.