Kotak Mahindra Bank manager took ₹1.5 cr to convert ₹35 cr
A Kotak Mahindra Bank branch manager arrested on Wednesday, Ashish Kumar, took ₹1.5 crore to convert ₹35 crore demonetised currency of Delhi-based lawyer Rohit Tandon, said the Enforcement Directorate. The bank has suspended the services of the manager. Earlier in December, two people were arrested for opening fake accounts in the branch with unaccounted deposits totalling ₹34 crore.