When a customer approached him to open a bank account, he would allegedly open a clandstine to another and secretly fund in funnel funds. Then, she will allegedly invest them in the stock market.
Earlier this week, a 24 -year -old relationship manager of an ICICI Bank branch in Kota, Rajasthan was allegedly arrested for withdrawing Rs 4.6 crore from customer accounts. According to police, between 2022 and 2023, Sakshi Gupta, who lives in Kota, withdrew funds from 110 accounts of 41 customers and invested them in the stock market.
Jitendra Singh, station house officer of Udayag Nagar police station in Kota, said that Sakshi started working in the bank in 2022. To hide his activities, he allegedly changed mobile numbers associated with accounts.
Additionally, Sakshi shut down a certain deposit of 30 customers ahead of time, which fanning more than Rs 1.34 crore, said the official.
Singh said, “He has also invested millions from his family in the stock market, but has suffered defeat. We have arrested the accused with Rawatbhata, who is his hometown,” Singh said that she lived in Kota with her husband.
It was a series of customer complaints that reportedly made bank manager, Tarun Dadich suspect. After some of his own investigation, he filed a police complaint on February 18, 2025.
Among the victims, there was an elderly woman, whose account had allegedly covered a distance of more than Rs 3 crore without making them aware.
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In a statement issued, ICICI Bank stated that the FIR was “immediately” filed for “searching for fraud”.
“Our customers’ interest is most important for us,” the statement said. “We have a zero-assessment policy against any fraud activity and thus the employee involved has been suspended. We would like to assure that the actual claims of the affected customers have been resolved.”
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