Bank Official Stole Crores From FDs, Invested In Stocks. They Tanked

Kota:

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. Reason: The lure of generating high returns in a short period by investing in stocks. And, she used the money in the accounts of more than 41 customers to achieve that. The fraud continued for two years, but no one in the bank had any idea about it.

Sakshi Gupta, who was the relationship manager of the ICICI bank, misused the ‘User FD (Fixed Deposit)’ link and illegally withdrew Rs 4.58 crores from 110 accounts of 41 customers between the years 2020 and 2023. Ms Gupta, as per the probe, invested the money in the stock market. She, however, failed to deposit the money back in the accounts after she incurred heavy losses in the market. She has now been arrested and sent to judicial custody. The police arrested her at her sister’s wedding late last night