HDFC Bank Manager in Raipur Arrested for Fraudulent Withdrawal of Lakhs of Rupees from Customer Accounts
A manager at HDFC Bank in Raipur has been arrested for committing fraud by illegally withdrawing large sums of money from customer accounts and transferring them to his own account. Over a period of three years, the accused took advantage of six customers. The incident took place in the Devendra Nagar area, and the police have arrested the manager involved in the case.
According to the police report, Ravish Shah, who is the current branch manager at Devendra Nagar, filed a complaint with the police. In his statement, Shah mentioned that in 2020, the branch manager at the time, Nitin Devangan, had taken cheque books from six account holders without their knowledge or permission. Using these cheques, Devangan transferred money from the customers’ accounts into his personal account. This fraudulent activity went unnoticed until a routine audit was conducted, which revealed the crime.
Once the bank became aware of the fraud, they immediately suspended the accused manager. Following this, the manager returned around Rs 78 lakh to the bank. However, he refused to return an additional Rs 4 lakh. As a result, a formal complaint was filed, leading to his arrest in Jagdalpur. The police are currently conducting a further investigation into the matter to uncover all the details of this fraudulent activity.
