Mohali, April 18 -- Police have booked a manager of a nationalised bank for fraudulently securing a loan of Rs.93 lakh against a fixed deposit belonging to an 80-year-old retired school principal.

The accused, Nitish Kumar Yadav, then bank manager at Indian Bank, Phase 11, allegedly exploited trust of the senior citizen to orchestrate the scam, said police.

The victim, Manjit Kaur Hira, a former principal of a private school, filed a complaint at the Phase 11 police station, leading to registration of a fraud case against Yadav and his accomplice, Jagtar Singh Bath, a real estate agent.

Harsimran Singh Bal, DSP (City 2), said "A case has been registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) - Section 316(5) (crim...