Mysore/Mysuru: A Co-operative Bank Manager and five others have been accused of transferring a total of Rs. 54.63 lakh released by the Karnataka Industrial Areas Development Board (KIADB) as compensation to a land loser, to their personal Bank accounts.

The Manager of Navanagar Urban Co-operative Bank at Hootagalli, S. Arun, a resident of the city and his wife Leelavathi, Siddu alias Marichikkasiddu of Kempasiddanahundi, his son K.S. Shivu and one Imtiaz of the city are the accused.

Malamma of K.M. Hundi in Mysuru taluk, in her complaint to the Vijayanagar Police, claimed that the Karnataka Industrial Areas Development Board had credited Rs. 54,62,500 lakh to the Bank account of her mother Siddamma, which the Board had paid as compensation for land acquisition.

The money was later transferred to her (Malamma) bank account. But thereafter, the Co-operative Bank Manager and five others (mentioned above) have unknowingly and illegally transferred this money from her account to theirs, she said in her complaint.

Following Malamma’s complaint, the Vijayanagar Police have booked a case against the Co-operative Bank Manager and five others under Sections 406,420 r/w 34 of IPC.