Rs 80 Lakh fraud in Axis Bank Mandla Branch

A case of embezzlement involving approximately Rs 80 lakh has been reported in Axis Bank, Mandla. The bank has filed a complaint against the branch manager, Gaurav Tiwari, cashier Vivek Srivastava, and sales manager Rohit Dubey at the Kotwali police station.

The Kotwali police took action and conducted an investigation, leading to the arrest of the three accused. An FIR (First Information Report) has been registered, and the case is currently under investigation.

According to the complaint filed by Axis Bank’s cluster head and vice president, Ravi Gautam, a physical inspection of cash was conducted at the Mandla branch on May 2. During the inspection, it was discovered that there was a shortage of approximately Rs 80 lakh in the branch. When questioned, the accused claimed that the amount had been transferred to another bank, but no evidence of such a transaction was found at Axis Bank.

The police have registered a case against the accused under sections 420 (cheating), 409 (criminal breach of trust), and 120B (criminal conspiracy) of the Indian Penal Code (IPC). The investigation is ongoing, and further details will be revealed after interrogating the accused.