Kota : A relationship manager of an ICICI bank branch in Rajasthan’s Kota reportedly swindled around ₹4.58 crore from customers’ accounts and lost most of it in the stock market, police said on Friday. The woman was arrested last week from her parental home in Chittorgarh district’s Rawatbhata.
Sakshi Gupta has been pilfering from more that 110 accounts belonging to 41 customers for around two years at the Kota branch. She allegedly invested this amount in the stock market and lost the majority of it. The complaint against her was filed by the branch manager Tarun Dadich at Udhyog Nagar Police Station on February 18.
Gupta used to change the mobile number linked with the account holders, to her relative’s numbers, ensuring that customers do not receive transaction alerts or OTPs. Gupta systematically transferred funds to different accounts, in some cases using an elderly women’s account who was unaware of the activities, as a “pool account,” said Sub Inspector Ibrahim.
She permanently closed fixed deposits of 31 customers and funneled over Rs. 1.34 crore, while also taking a personal loan of Rs. 3.40 lakh. Police said that many transactions were conducted using Insta Kiosk installations and various digital banking platforms, with debit cards of at least 4 customers used for ATM and internet banking. In an attempt to cover up these activities, money from them was sent to demat accounts.
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