Bank Employee stole Rs 9.4 crore from customers accounts

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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.

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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.

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Comments

8 COMMENTS

  1. When it is said a bank employee, it should also be clearly written the name of bank. Because, many banks are pushing for cross selling of 3rd party , associates products just because of personal gain without fruitful redemption guarantee to customers. It is also known, banks big and BIG bosses pressurises the branch heads & Branch heads to frontline officials and employees for doing business of this nature in greed of their gain, performance promotions.
    This type of activities in banks, detrimental to the customer,s faith and hard earned money should be viewed very very seriously and involved employees and officials should be punished under criminal law and bank should be penalized beyond compensation to the affected customer.

  2. Why is the name of the bank hidden?
    Because it is a private bank. If it had been nationalized, the headline would be different, and the branch name along with the address would be provided. Why biased reporting??

  3. This type of crimes are increasing day by day and common man’s hard earned money is being stolen.I request the concerned authorities to take stringent action against the culprits

  4. All private bank staffs and their manager, sr. Officers are insisting to their account holders to invest
    in different investments scheme , such as FD, SIP, MFs, Insurance policy and so on. After investment they are not helping the customer. No service provided by Bank staff.it must be stopped. The Bank and concerned staff are subject to face the action.

  5. Why bank name not written in this news .it shows that bank given fund/bribe to media for not write name..

    It shows sell of media news

  6. Kind of financial fraud now only started in developing countries like India if striff regulations are not in place in future may happen lot of fraud and will be collapsed the entire banking system

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