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A major ATM fraud has come to light in Karnataka’s Bantwal taluk, where an assistant manager of a nationalised bank has been booked for allegedly misappropriating more than ₹71 lakh.
The Uppinangady police have registered a case against Subrahmanyam (30), an Assistant Manager at the Bank of Baroda branch in Perne village. He was responsible for supervising the ATM operations of the branch from September 4, 2023, to December 19, 2025.
According to the police, the fraud took place over a long period. Investigations revealed that between February 6, 2024, and December 16, 2025, the accused allegedly deposited less cash into the ATM than the required amount. By manipulating ATM cash deposits in this manner, he is suspected to have misappropriated ₹70.86 lakh.
The irregularities were discovered during a routine inspection of the bank’s safe locker on December 19, 2025. During the inspection, bank officials also found that 4.400 grams of gold, worth around ₹55,000, was missing.
Soon after the discrepancies were detected, the assistant manager reportedly left the bank premises without informing anyone and has since remained untraceable.
Based on a complaint filed by CVS Chandrashekhar (50), Regional Manager of Bank of Baroda, Jeppu, Mangaluru, the Uppinangady police have registered a case under Sections 314, 316(5), and 318(2) of the Bharatiya Nyaya Sanhita (BNS), 2023. Further investigation is underway to trace the accused and recover the misappropriated amount.
