Newsblare

Finance

Big Financial Fraud: ICICI Bank employee Sakshi Gupta siphons ₹4.58 Cr from 41 customers

Big Financial Fraud: ICICI Bank employee Sakshi Gupta siphons ₹4.58 Cr from 41 customers

A relationship manager in an ICICI Bank department in Kota, Sakshi Gupta allegedly siphons Rs 4.58 crore from customers’ accounts, as per police reports.

She was arrested a last week and currently under judicial custody, sources said. The accused, Sakshi Gupta, posted as a relationship manager at ICICI Bank’s DCM branch. Police said she had been siphons from more than 110 accounts belonging to 41 customers for 1.5. She allegedly invested these amounts in the trade market and lost it, they said.

Branch Manager criticize Sakshi Gupta

Branch manager Tarun Dadich filed a criticism against her at the Udhyog Nagar Police Station on February 18, accusing her of siphoning Rs 4.58 crore from customer accounts. Based on the grievance, Gupta, who worked at the department from 2020 to 2023 arrested on May 31.

During the research, it found that she changed the mobile numbers connected with several money owed to her spouse and children numbers, making sure that transaction indicators and OTPs not received through the actual account holders. Sub Inspector Ibrahim said Gupta transferred the budget to different accounts, in a few cases, using an aged women’s account, which became unaware of the interest, as a “pool account.” By February 15, 2023, she had transferred more than Rs 3 crore to this account on my own, he said.

ICICI Employees alleged for misusing debit card, OTPs, and PINs

He alleged that Sakshi Gupta misused debit cards, PINs, and OTPs for these transactions or even activated overdraft centres on 40 accounts without consent. She earlier closed constant deposits of 31 clients’ accounts, funnelling over Rs 1.34 crore. She also took out a personal loan of Rs 3.40 lakh.

Police said that many transactions carried out using Insta Kiosk installations and diverse virtual banking systems, with as a minimum four clients’ debit cards used for ATM and net banking. Proceeds from those activities released to demat money owed as part of the attempted cover-up.

Read also: AIIMS BSc Nursing Result 2025 Declared, Get Direct Link to check results

Founder & Editor
I'm Ved Prakash, Founder & Editor @Newsblare Media, specialised in Business and Finance niches who writes content for reputed publication such as Investing.com, Stockhouse.com, Motley Fool Singapore, etc. I'm the contributor of different... news sites that have widened my views on the current happenings in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

Oscars 2025: Full List of Winners from the 97th Academy Awards