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A shocking case of financial fraud has come to light in Dhariyavad, Pratapgarh district, where 15 employees of ICICI Bank, including the branch manager, colluded to embezzle a staggering amount of Rs 2 crore. This elaborate scheme was orchestrated to meet the bank’s targets, as everyone involved opened fake fixed deposit (FD) accounts and transferred funds from the accounts of unsuspecting customers.
The incident first came to public attention on February 5 when Rs 32 lakh went missing from a customer’s account. Subsequently, branch manager Prashant Kabra (36) was apprehended on February 6, followed by the arrest of bank staff members and Udaipur businessman Jalam Chand (65) on February 9. The police have initiated investigations and are interrogating the accused.
During a press conference, SP Amit Kumar revealed that the case was registered by ICICI Bank’s Regional Head, Manoj Beharani, after discovering the missing funds. The police are gathering information on other bank staff involved in the fraudulent activities. SP Amit Kumar further explained that the bank officials at the Dhariyavad branch illicitly opened new accounts by withdrawing money from existing FD accounts without authorization. The main accused in this intricate fraud case is bank manager Manoj Kabra.
SP Amit Kumar formed a Special Investigation Team (SIT) to delve into the financial fraud case on February 7. Within two days of investigation, it was discovered that several high-ranking bank officials were opening fake accounts by siphoning funds from the FD accounts of unsuspecting customers through overdrafts (OD). This deceitful practice allowed the officials to achieve their targets.
During questioning, the branch manager revealed that the bank officials imposed immense pressure by setting daily targets for new savings accounts, current accounts, FDs, as well as loans and insurance.
Read more - https://hellobanker.in/icici-bank-scam-2-crore/
The incident first came to public attention on February 5 when Rs 32 lakh went missing from a customer’s account. Subsequently, branch manager Prashant Kabra (36) was apprehended on February 6, followed by the arrest of bank staff members and Udaipur businessman Jalam Chand (65) on February 9. The police have initiated investigations and are interrogating the accused.
During a press conference, SP Amit Kumar revealed that the case was registered by ICICI Bank’s Regional Head, Manoj Beharani, after discovering the missing funds. The police are gathering information on other bank staff involved in the fraudulent activities. SP Amit Kumar further explained that the bank officials at the Dhariyavad branch illicitly opened new accounts by withdrawing money from existing FD accounts without authorization. The main accused in this intricate fraud case is bank manager Manoj Kabra.
SP Amit Kumar formed a Special Investigation Team (SIT) to delve into the financial fraud case on February 7. Within two days of investigation, it was discovered that several high-ranking bank officials were opening fake accounts by siphoning funds from the FD accounts of unsuspecting customers through overdrafts (OD). This deceitful practice allowed the officials to achieve their targets.
During questioning, the branch manager revealed that the bank officials imposed immense pressure by setting daily targets for new savings accounts, current accounts, FDs, as well as loans and insurance.
Read more - https://hellobanker.in/icici-bank-scam-2-crore/
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