Bank staff committed fraud of Rs.76 lakh in Gwalior

- Advertisement -

In Gwalior, the Operation Manager of Axis Bank bank deceived and withdrew money from a deposited customer’s account. The bank discovered this scam when an audit was conducted. When they contacted the Operation Manager, he promised to return the money in a short period.

He returned 16 lakh rupees twice, but afterward, no further amount was repaid. This incident occurred at the Bahodapur Axis Bank branch between May 1, 2022, and September 20, 2023. The police have filed a case of fraud amounting to 76 lakh rupees against the accused Operation Manager.

Sandip Jain, the son of Vinod Jain, a resident of CP Colony, Murar in the city, is the manager of the Bahodapur Mauji Mall branch of Axis Bank. At the same branch, Dheeraj Kushwaha, a resident of Hathikhana Road, operates as the Operation Manager. Some time ago, irregularities were found in the bank’s accounts, revealing a scam in which a significant amount of money had been fraudulently withdrawn. As soon as this was discovered, senior officers were informed.

- Advertisement -

Upon investigation, it was revealed that the Operation Manager, Dheeraj Kushwaha, was responsible for the fraud, and when confronted, he deposited approximately 16 lakh rupees twice. However, he kept assuring that he would return the remaining amount but did not do so. After a considerable amount of time passed, the bank manager, as per the instructions of senior officers, lodged a complaint against Dheeraj Kushwaha at Bahodapur police station.

After an investigation, the police found that the accused had embezzled the money of about a dozen customers, including Jandil Singh, Amina, Sheila Devi, Yashwant, Rajni, Jakir Khan, and Raghuvir Singh, totaling 76 lakh rupees. The Operation Manager fraudulently cashed out their FDs and other deposits. This information was revealed during the investigation. Jitendra Singh, the in-charge of Bahodapur police station, stated that a case has been registered after the bank’s complaint, and they are actively searching for the person accused of the fraud.

- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

HDFC Bank Held Liable By NCDRC For Not Sending SMS Alerts Regarding Unauthorized Transactions

HDFC Bank Held Liable By NCDRC For Not Sending SMS Alerts Regarding Unauthorized Transactions

RBI released new Master Circular on Fraud Risk Management [Download PDF]

RBI released new Master Circular on Fraud Risk Management [Download PDF]

RBI Master Circular – Bank Finance to Non-Banking Financial Companies (NBFCs)

RBI Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs)

RBI Master Circular on SHG-Bank Linkage Programme

RBI Master Circular on SHG-Bank Linkage Programme

RBI Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission

RBI Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission

RBI Master Circular on Board of Directors – UCBs

RBI Master Circular on Board of Directors - UCBs

RBI Master Circular: Lead Bank Scheme

RBI Master Circular: Lead Bank Scheme

RBI Master Circular: Housing Finance

RBI Master Circular: Housing Finance

RBI Master Circular: Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)

RBI Master Circular: Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)

RBI Master Circular: Basel III Capital Regulations

RBI Master Circular: Basel III Capital Regulations

Latest News