The police have arrested and charged an Indian-origin employee of HSBC bank in London for an attempted fraud worth nearly £70 million. The attempt by Jagmeet Channa, 25, was discovered last week at HSBC’s securities services division, which settles trades for clients. A payment to a bank reportedly raised suspicions at the division in HSBC’s head office building at Canary Wharf and the police were called. A police spokeswoman said Channa, from Ilford in Essex, was charged on 25 April with conspiracy to defraud, money laundering and abusing a position of trust. He was remanded to custody until 25 June, when he will appear at Southwark Crown Court. The police said three other men aged 26, 33 and 38 were on police bail in connection with the investigation. HSBC said that no customer funds were involved or transactions were disrupted.