The police have booked a former Branch Manager and a computer operator of Beed District Central Cooperative Bank (BDCCB).
They are alleged to have swinded over Rs 86 Lakh. Both were working with the city branch of BDCCB.
They were alleged to have indulged in serious financial irregularities using fake papers.
The two accused former branch manager Sanjay Raut and former computer operator Laxmikant have been charged with cheating and some other offenses.
Earlier, when the fraud of huge amount was discovered, all the directors of board resigned paving way for the appointment of an administrator. Last week former Chairman was arrested.