Kota bank manager diverts Rs 4.6 crore from customer accounts, loses it all in stock market
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A relationship manager at ICICI Bank’s Kota DCM branch allegedly siphoned off Rs 4.58 crore from over 110 customer accounts between 2020 and 2023, investing the stolen funds in the stock market where the money was eventually lost. The fraud, perpetrated by bank employee Sakshi Gupta, involved forging digital access, tampering with customer contact details, and manipulating fixed deposits without consent. Gupta was arrested by the Rajasthan Police on May 31 and is currently in judicial custody, according to a report by Navbharat Times. A two-and-a-half-year fraud Police say Gupta’s scheme targeted 41 customers whose mobile numbers were changed without their knowledge, ensuring they received no transaction alerts. Investigating officer Ibrahim Khan said Sakshi Gupta linked her family members’ phone numbers to customer accounts and set up a system to intercept OTPs, ensuring that the account holders don't get a whiff of the fraud, Navbha...