Chennai: Nearly Rs 100 crore deposited by the Chennai Port Trust was lost after it was transferred to a fraudulent bank account and a major portion of it was siphoned off by fraudsters.
The amount was deposited to a nationalised bank. It is alleged that someone who knew of the transfer committed the fraud along with the bank staff.
A complaint was subsequently registered with the City Crime Branch (CCB) and now the case is transferred to CBI for further investigation as the amount involved was huge.
The money was transferred to a personal account, it is said. The CCB had arrested one person from Thousand Lights.
The bank account has now been frozen, reports said. However, it needs to be investigated how the fraudsters were aware of the government deposits being made in the bank.