if fraud has been committed then of course the police will register a FIR against the manager. You can ask for the compensation which appears reasonable to you and the manager will most likely pay you the same. If he do not pay you then your purchase will be a complete and fair purchase without any encumbrances so you will be eligible to get a minimum of 5% of the total cost if its a property sold in auction by an executing court.
As per your submission it reveals that this is a matter of purchase of property through Ban
I would like to see purchase certificate which issued by Bank
You can contact me through lawyered
Advocate IRFAN SHAIKH
Police will do nothing in this matter. You have to file an application before Debts recovery tribunal. For any assistance, feel free to contact me on my e-mail "email@example.com"
Shubham Pabbi & Associates