₹4.58 Crore Gone! Bank Employee Steals Money From FD Accounts of 41 Customers, Loses It All in Stock Market Investments

₹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.

Shocking Bank Fraud: Manager Arrested For Swindling ₹4.5 Crore From Customers' FDs In Kota, Invests In Stocks & Loses It All

The accused, Sakshi Gupta, exploited the ‘User FD’ feature to withdraw funds from 110 FDs belonging to 41 account holders between 2020 and 2023. In order to avoid detection, she allegedly replaced the customers' registered mobile numbers with those of her own family members. This allowed her to intercept OTPs and confirmation alerts.

ICICI bank official in Rajasthan dupes customers of Rs 4 crore to invest in stocks

New Delhi: Normally in India, people go to banks to keep their money safe. But what if the bank turns out to be the most unsafe place? Well, instances of bank robbery are plenty in the history. However, there is one incident in Rajasthan which has shocked everyone. In Kota, a woman office of a bank leveraged the trust placed by the customer on the bank by duping them of over Rs 4 crore. She wanted to invest in stocks to generate high returns in …

ICICI Bank Manager Arrested for Rs 4.58 Crore FD Scam in Kota; Used OTP Trick to Siphon Funds for Stock Trading - The News21

Kota: In a shocking case of financial fraud, a relationship manager at ICICI Bank’s Kota branch, identified as Sakshi Gupta, has been arrested for embezzling over ₹4.58 crore from fixed deposit accounts of unsuspecting customers between 2020 and 2023. According to investigators, Gupta misused her access to bank systems and exploited the ‘User FD’ feature […]

Bank official steals crores from customers FDs to invest in stocks, caught

Sakshi Gupta, a relationship manager of the ICICI bank in Rajasthan's Kota, worked everything out to the hilt until an error of judgment in the form market fluctuation landed her in trouble