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₹4.58 Crore Gone! Bank Employee Steals Money From FD Accounts of 41 Customers, Loses It All in Stock Market Investments
- On May 31, 2025, Sakshi Gupta, an officer at ICICI Bank's DCM branch in Kota, was taken into custody for unlawfully withdrawing Rs 4.58 crore from multiple customer accounts.
- Between 2020 and 2023, Gupta exploited the 'User FD' link to withdraw money from 110 accounts belonging to 41 customers, using family-linked phone numbers to avoid detection.
- She transferred over Rs 3 crore through an elderly woman's account as a 'pool account' without their knowledge and prematurely closed fixed deposits worth Rs 1.34 crore.
- Sub Inspector Ibrahim Khan stated Gupta devised a system to receive OTPs, preventing account holders from noticing transactions, and the money was lost in the stock market.
- Gupta remains in judicial custody, while ICICI Bank suspended her, filed FIRs promptly, and settled genuine claims of affected customers, reinforcing a zero-tolerance fraud policy.
17 Articles
17 Articles
Rajasthan bank manager steals Rs 4.5 crore from 110 accounts, blows it on stocks
A relationship manager at an ICICI Bank branch in Kota, Sakshi Gupta, was arrested for allegedly stealing Rs 4.58 crore from over 100 accounts and investing the money in stocks, where she incurred total losses.
Kota: ICICI Bank RM Funnels Rs 4.58 Cr from Customer Accounts, Loses Most of It in Stocks
Get latest articles and stories on India at LatestLY. A relationship manager in an ICICI bank branch in Kota allegedly swindled around Rs 4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday said. India News | Kota: ICICI Bank RM Funnels Rs 4.58 Cr from Customer Accounts, Loses Most of It in Stocks.
₹4.58 crore gone! Bank employee steals money from FD accounts of 41 customers, loses it all in stock market investments
Sakshi Gupta, according to investigators, accessed more than 110 accounts of 41 customers between 2020 and 2023 by misusing the ‘User FD (Fixed Deposit)’ and conducted a series of illegal transactions.
Bank Official Stole Crores From FDs, Invested In Stocks. They Tanked
One would think their money is safest in a bank. But, in a shocking case, this bond of trust was leveraged by a woman officer of a bank in Rajasthan's Kota to dupe customers of more than Rs 4 crore.
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