Police in India have arrested a city bank employee accused of cheating clients out of millions of dollars. Shivraj Pierry, 32, who is expected to appear in court later, told an Indian newspaper he was innocent. The alleged fraud was discovered earlier this month, in a branch of the global bank, in Gurgaon, a wealthy suburb of Delhi.The bank has said investors were promised quick, high returns from a bogus financial scheme. It is alleged that Mr. Pierry transferred the money into accounts controlled by three relatives. Mr. Pierry reportedly handed himself in on Thursday, a day after police said he was wanted for questioning.The alleged fraud came to light earlier this month when a client mentioned this scheme to a senior bank manager.
