A big fraud has been reported at ICICI Bank in Bilaspur, Chhattisgarh. The branch manager embezelled crores of rupees and fled away. The scam is estimated to be around Rs.1.38 crore. The case pertains to the ICICI Bank branch located in Mangala, Civil Lines.
The bank’s deputy branch manager, along with her husband, has absconded with customers’ money and gold. It is also being reported that other individuals may be involved in this incident.
Following the discovery of the irregularities, the bank management has dismissed the deputy branch manager.
Based on the branch manager’s report, the police have registered a case and are investigating the matter.
During the audit of the branch, several serious irregularities were discovered. Arup Pal, the current branch manager of the Mangala branch, filed a complaint with the police regarding these irregularities.
He told police that on September 17, 2025, during daily banking operations, the financial transaction report was reviewed. Investigation revealed that the last page of the report was missing, which was deliberately removed by Deputy Branch Manager Tanisha Agarwal.
It was discovered that four gold loan pouches contained fake jewelry instead of genuine jewelry. They reported that the original gold jewelry had been missing.
This gold jewellery was pledged against the gold loan taken by ICICI Bank customers. (Need Gold Loan? Click here to calculate EMI of Gold Loan.)
The investigation also revealed that 14 illegal transactions totaling ₹87.95 lakh were made using forged customer signatures. Similarly, ₹28.29 lakh was withdrawn without permission from a customer’s ₹30 lakh deposit through an overdraft on her FD.
OD was sanctioned against the FD of customers and the funds were withdrawn.
The investigation also revealed that fixed deposit and investment vouchers for several customers were missing from bank records.
In this case, on the written complaint of Arup Pal, Police Station in-charge SR Sahu has registered a case of embezzlement and fraud against the accused Deputy Branch Manager, her husband and others and started investigation.
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