Sakshi Gupta was fond of Lavish Lifestyle, Movies, Cars; Wanted to become Actress

ICICI Bank manager Sakshi Gupta, who stole crores of rupees from customers’ accounts, was fond of living a luxurious life. A person close to her revealed that she would travel from Kota to Jaipur just for shopping and watched movies every weekend. She withdrew Rs 4.58 crore from customers’ accounts and used the money to live a lavish lifestyle and maintain luxury cars. Once, she didn’t like the color of a car she bought, so she sold it within 15-20 days and bought a new one for ₹30 lakh.

According to close family members, Sakshi wanted to become a film actress. However, her family didn’t approve. She got a job at bank, but her salary wasn’t enough to fulfill her dreams. So, she joined YouTube classes to learn stock trading and started investing in the stock market. To make big profits, she illegally withdrew money from customers’ bank accounts and invested it in stocks. She ended up losing all the money. Stock Market is not simple to earn profits. She thought to earn money quickly from stock market but lost everything.

This scam has not only affected her, bank and customers but has also destroyed her family life. Sakshi had a love marriage, but this scam has ended her relationship. Husband Left After Scam Was Exposed.

Sakshi married Sharad Gupta, who worked at HDFC Bank, two years ago. When he found out about the scam in February 2025, he took Sakshi back to her parental home in Rawatbhata and informed her family. Since then, the two have been living separately. Sharad also stopped going to work.

SI Ibrahim from Kota’s Udyog Nagar Police Station said that Sakshi Gupta joined ICICI Bank in 2015 and was posted as a Relationship Manager at the Shriram Nagar branch. An FIR was filed against her on 18 February, and after an investigation, she was arrested on 31 May.

A colleague revealed that in 2023 and 2024, Sakshi began maintaining luxury cars. When she didn’t like the color of one car, she told a colleague she’d sell it and buy a new one. The colleague warned her she’d face a loss, but she replied, “We only live once. Let me enjoy life.” She then bought a new luxury car worth ₹30 lakh from a showroom.

Scam Noticed by Bank

The bank first noticed something suspicious in January. An employee from the DCM Factory in Kota visited the Shriram Nagar branch to withdraw his matured FD. The then-manager Tarun Dadhich found that the FD had already been withdrawn a year earlier.

Upon investigating, it was revealed that the FD was closed using Sakshi’s ID. Further digging showed that over 100 customer accounts had been tampered with using her ID. Tarun informed the regional and state managers of ICICI Bank, and the bank then contacted affected customers and quietly refunded the stolen money to avoid legal complications. However, the bank still filed an official complaint on 18 February 2025.

Well-Planned Fraud Using System Access

Since February, bank officials had been stationed in Kota to audit the scam. After several rounds of questioning, an FIR was filed. A senior bank official said that as a Relationship Manager, Sakshi had login credentials to the bank’s system and could access any customer’s details.

She targeted accounts with long-term FDs or large balances that had been inactive for a while. First, she changed the registered mobile numbers to those of her family members so customers wouldn’t receive alerts. Then she changed email IDs in the system and used overdrafts on FDs to transfer funds to her and her relatives’ accounts. She spent this money on luxury living and the stock market.

Sakshi was posted at the DCM Factory branch but was also given the responsibility of handling salary accounts for 12-13 major branches. This brought her in contact with many government employees, whose complete account details she managed. She used this trust to change their account details like phone numbers, email IDs, and addresses. She regularly visited the branches under her supervision. So far, police have found tampering in over 100 accounts of 41 customers from just one branch.

Refused Transfer to Hometown, Chose Kota

The bank had once offered her a Relationship Manager post in Rawatbhata (her hometown) when a new branch opened there, but she refused and preferred to stay in Kota. Her colleagues thought she was deeply committed to her job, as the Rawatbhata branch had more work and could’ve helped her meet her targets easily.

Customer Speaks Out

Ramlal Suman, a customer of the Shriram Nagar branch, said he works in agriculture and had a fixed deposit in the bank. Whenever he visited the bank to update his passbook, Sakshi would say the server wasn’t working and instead write his balance manually on paper. In reality, she had changed his phone number in the system, broke the FD, and withdrew over ₹10 lakh. He said the new manager, Tarun Dadhich, informed him and helped recover the money but asked him not to file a police case. Ramlal said, “I trusted the bank, but Sakshi Gupta broke that trust.”

Was She Alone? Doubts Remain

A former ICICI Bank officer said that every transaction involving withdrawals or overdrafts requires two officers: one who initiates the request and one who approves it. The second officer is usually at the manager level. So such a scam couldn’t have happened without the involvement of another senior official.

That’s why the FIR mentions Sakshi and “others.” But who those others are, and when police will find them, remains a big question.