Rs 4.58 crore has been closed from customer accounts, FD! How former ICICI Bank Relations Manager pulled a stunning fraud – explained in 10 digits
A constable of Rs 4.58 crore – Accessed more than 100 customers – Fixed deposits broke: It is not some movie plot – it is a surprising fraud by a former ICICI Bank Relationship Manager! Multi-laughed fraud continued for more than two years.From 2020 to 2023, Sakshi Gupta, an accused, who served in the Sriram Nagar branch of ICICI Bank in DCM area of Kota, was taken into custody by Udhog Nagar Police after a thorough investigation on 31 May, 2025.According to a TOI report, the police records indicate that the activities of fraud were initially discovered on 18 February.After the internal investigation of the ICICI Bank, who identified Sakshi Gupta, who previously worked as a relationship manager in the bank’s DCM branch in Kota, as primary suspect in a significant financial fraud affecting customer accounts, Kota Police has started its investigation. Officers are investigating the potential partner and asked the bank to submit relevant documents.
How former ICICI Bank Relations Manager cheated: 10 points
- Investigation revealed that Sakshi Gupta had unauthorized access to more than 110 accounts of 41 customers and carried out several illegal transactions.
- Investigators found that he had converted abused funds into stock market investment, resulting in adequate financial loss.
- To hide deception, Gupta allegedly replaced the registered mobile number of various bank accounts along with his family members.
- According to police reports, the actual account holders were unable to get transactions and one -time passwords due to this amendment.
- The investigation revealed several fraud activities by Gupta, including unauthorized activation of overdraft facilities in 40 accounts.
- Further conclusions revealed that he had abolished illegally fixed deposits belonging to 31 customers, with different accounts of Rs 1.34 crore.
- The investigation highlighted its unauthorized use of debit cards, with its respective PIN and OTP to conduct various online and ATM transactions.
- Additionally, Gupta was found to be responsible for processing a fraudulent personal loan, with an amount of Rs 3.4 lakh.
- The investigation also established that it used a large -scale Insta kiosk machines and digital banking platforms to execute several fraud transactions.
- Illegal money was distributed in several demat accounts, which attempts to hide the money trail.
After identifying irregularities, bank manager Tarun Dadich filed a complaint, which led to a broad audit and later police investigation.“He systematically transferred money, sometimes using an elderly woman’s account, who had no knowledge of activity as a pool account,” said Ibrahim, the sub-inspector of the Udhog Nagar Police Station. “By mid -February 2023, more than Rs 3 crore had passed through that single account.”After one -day police custody, Gupta appeared before the court and was sent to judicial custody. The police continued their inquiry into the matter.A representative of the ICICI Bank said, “Our customers’ interest is most important for us. Soon after searching for fraud activity, we filed an FIR with the police. We have a void-assessment policy against any fraud activity and thus the employee involved has suspended. We would like to assure that the actual claims of the affected customers have been resolved.”
