In a shocking case from Alwar, Rajasthan, a bank clerk named Nikki Sethi and her husband, Yogesh Kumar, were arrested for embezzling Rs 99 lakh from the State Bank of India (SBI) branch at Mahal Chowk. The couple had been on the run for two years but were recently caught by the police while living in a rented house in the same city.
How the Fraud Happened
The incident took place on September 6, 2022, when Nikki Sethi, who was in charge of handling the parking account at the SBI branch, transferred Rs 99 lakh into 20 different bank accounts. These accounts mostly belonged to her family members and close acquaintances. She used fake vouchers to carry out these transfers, making it appear as if the transactions were legitimate.
Bank’s Action and Police Involvement
The fraud came to light when SBI Mahal Chowk bank manager, Anshuman, filed a complaint with the police on September 6, 2022. He reported that Nikki had siphoned off a large amount of money by manipulating the bank’s system. After investigating, the police confirmed that the bank clerk had created fake documents to transfer the funds.
Both Nikki and her husband, Yogesh, were arrested by the police from a rented house in Surya Nagar. They were residents of Scheme Number 10B Housing Board Diwanji Ke Bagh but had moved to avoid getting caught. The police detained them for questioning and have since presented them in court.
This case highlights how easily financial systems can be exploited by insiders and how crucial it is for organizations to have strong checks and balances in place to detect fraud. The investigation is ongoing, and the police are likely to dig deeper into how the crime was executed and who else might be involved.
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