Matunga police arrested a 31-year-old deputy branch manager of a private bank for siphoning off nearly Rs 2 crore, on Friday. The accused, Vishal Gurudu, lost all the money to lost betting through the Telegram app, officers said.

According to the preliminary investigation, Gurudu transferred around Rs 1.85 crore between January and November last year, and has even lost his home to his betting addiction.