Ludhiana, July 29 -- A Ludhiana-based exporter has accused two private bank officials of cheating, criminal breach of trust and unauthorised foreign exchange trading that allegedly caused losses of nearly Rs.96.7 lakh. After investigation, the Division Number 7 police registered an FIR against the bank employees.

The case has been registered on the complaint of Varun Kumar Arora, a resident of Sector 32-A, Chandigarh Road, Ludhiana, who manages the export business of M/s Guru Kirpa Udyog, a firm owned by his mother. The company exports channel nuts, steel brackets and fasteners to countries including the United Kingdom, France, Germany and the UAE.

The accused have been identified as Kamal Kishore and Himanshu Jain, managers market grou...