Baripada: A bank manager was arrested for allegedly masterminding the loot of Rs 3.40 lakh of Bank from him which took place on April 5 at Manitri in Mayurbhanj district.
Two other bank staff Sitaram Sahoo and his associate Brajasekhar Pradhan were also arrested in this connection, Mayurbhanj SP informed at a press meet.
The SP clarified that manager Bhanjan Kar of Bandhan Bank of Manitri branch had hatched a conspiracy for the loot of the money.
As per the plan, Brajsekhar decamped with the money from him at gun point when he was coming to his branch from the bank head office on April 5.
Later, Manager himself lodged a complaint with police.