The Mumbai police have taken action against a former executive of a big bank. This person is accused of tricking an elderly customer into investing in stocks and then stealing a large amount of money from the customer’s bank account.
Arrest of Ravi Sharma:
A man named Ravi Sharma, aged 40, who used to work as a senior relationship manager, has been arrested. He was arrested on a Saturday by the Gamdevi police station. Ravi Sharma’s job was to help older people with their investments. However, instead of helping, he is accused of cheating them.
Method of Fraud:
The accused convinced the elderly customer to invest in stocks. Then, between 2019 and 2023, he allegedly took around ₹ 9.4 crore from the customer’s bank account. He did this by tricking the customer into signing forms and cheques. He also changed the customer’s phone numbers registered with the bank.
The fraud was discovered earlier this month when the customer’s relative went to the bank to withdraw money.
The police have filed a case against Ravi Sharma under section 420 of the Indian Penal Code (IPC) for cheating, along with other relevant laws.