Rajasthan: Bank manager swindles Rs 4.58 crore from customers, loses it on stocks

According to reports, she invested the entire amount in stocks only to lose it.

Accused Sakshi Gupta worked as the relationship manager in the branch.

According to police, the accused officer, Sakshi Gupta, illegally withdrew money from as many as 110 accounts, investing it in shares while cleverly evading detection by both bank officials and customers, reported India Today.

The bank employee reportedly changed the mobile numbers connected with the bank accounts of affected customers to evade transaction alerts.

According to reports, she changed the PINs of several accounts.

Investigations revealed, she mostly targeted bank accounts of elderly customers who were not acquainted with digital and mobile banking.

She is also accused of prematurely closing fixed deposits belonging to 31 customers, syphoning off over Rs 1.34 crore, and taking a personal loan of Rs 3.40 lakh, the Indian news channel reported.

The scam came to light after a customer enquired about his fixed deposit and found that the entire Rs. 1.50 lakh has been transferred to another account without his authorisation.

The bank manager later lodged a complaint, which led to her arrest.

Gupta is currently lodged in jail.