India, Nov. 15 -- A relationship manager of a private bank allegedly illegally transferred over Rs.2.7 crore from a long-standing customer in Bengaluru. Kumar, a resident of RT Nagar, is accused of defrauding a client between May 12 and November 6.

The fraud was discovered after Patricia Prabhu, who has been a customer of the bank since 2014, handed over three cheques to Kumar for creating fixed deposits. The cheques were for Rs.2 crore, Rs.50 lakh, and Rs.25 lakh. While collecting them, Kumar allegedly asked Prabhu to sign RTGS forms, falsely claiming that they were part of the fixed deposit process, as per a report by The Times of India.

Instead of depositing the funds into Prabhu's fixed deposit accounts, Kumar is said to have transf...