Citibank manager Shivraj Puri, accused of cheating investors of over Rs 200 crore, surrendered before police and was taken into custody on Thursday, almost two days after one of India's biggest banking frauds came to light, officials said.
"Puri surrendered at around 12.30pm. He has been taken into custody and will be presented before the court later in the day," Gurgaon Police Commissioner S S Deswal told reporters.
Puri, the bank's relationship manager, allegedly cheated investors by promising to double their money.
Since the task of opening new accounts had been assigned to him, he managed to dupe many people without the bank's knowledge.
He had been on the run since the fraud came to light on Tuesday.
The Gurgaon police commissioner had constituted five police teams to solve the case on Wednesday.