A former ICICI employee was arrested for alleged siphoning from Crores Rupees from customer accounts of fraud that lasted more than two years.
According to the media reports of Sakshi Gupta, manager of ICICI Bank Relations in Kota cheated around £4.58 Crore from at least 41 customers in the hope of reaching high yields, but in the end it lost it all.
Gupta worked at the Shriram Nagar branch in ICica Bank in the DCM area in Kota in 2020 and 2023. According to The Times of India, the Police Udhyog Nagar was arrested.
As the Bank’s employee siphone £4.58 crore from customers
According to investigators, Sakshi Gupta proceeded to more than 110 accounts of 41 customers between 2020 and 2023 by misuse of “FD users” and made a number of illegal transactions.
According to the probes, the ICICI employee used these funds to invest in the stock market in the hope of obtaining good returns in a short period of time.
Fraud continued for more than two years without customers realizing that their money was withdrawn.
Gupt’s dreams, however, did not go so planned when she suffered heavy losses on the stock market, lost money and eventually could not put it back into customers accounts.
In order to hide fraud, it has changed the numbers associated with accounts so that customers do not find out about transactions.
“With these accounts, she linked the phone numbers of her family members and withdrew more than.” £4 crore. She even invented a system that used to get OTP on her system so that the account holders do not get a breath of fraud, ”said NDTV subordinate Ibrahim Khan from Udhyog Nagar Police Station.
Khan also said Gupta used a description of an older woman and went through £3 crore through it without her knowledge.
“It systematically transferred funds, sometimes using an older woman’s account who did not know about activities such as a pool account. By mid -February 2023, via £3 Crore went through this only account, ”a policeman quoted like Toi.
The case only appeared when the customer came to the bank to ask his FD’s account. The bank then reported 18 February with the police.
ICICI Bank will settle claims, suspend employees
In its statement, Icici Bank said he filed a company with the police “immediately” after the discovery of fraud.
“The interest of our customers is of paramount importance for us. I immediately filed a company with the police immediately after the fraudulent activity was discovered,” Livemint spokesman said.
The bank suspended Gupta and resolved the demands of impact customers, she said.
“We have a zero tolerance policy against any fraudulent activity, so we have suspended the stake.
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