Overview

• Police arrested Ramayani Shrimayi, a cashier posted at UCO Bank’s Agartala branch and a resident of Nagaon, Assam, on Friday night, and planned to produce her in court on Saturday.
• Investigators say six forged or cloned cheques were used to drain the Agartala Municipal Corporation account between August and early September, with signatures alleged to have been falsified.
• West Tripura police formed a Special Investigating Team led by Additional SP Drubha Nath to probe the suspected insider-enabled fraud.
• Authorities report recovering about Rs 7 crore by tracing transaction trails with technical tools as the search for accomplices continues.
• UCO Bank filed a complaint on September 5 over the unauthorised withdrawals, and local reporting says the bank has credited the embezzled amount back to the municipal account.