1 hr ago
Mumbai Cyber Police Arrest Two Employees In ₹29.83 Lakh Fraud
Police in Mumbai arrested two bank workers over an alleged money fraud.
The case involved the account of a customer who had died.
Police say the customer’s phone number and email address were changed using a forged form.
This may have allowed someone to access the account.
Two fixed deposits worth about ₹14.87 lakh were allegedly closed early.
The money was then sent to several accounts using different banking services.
The total alleged fraud is ₹29.83 lakh.
Police are still investigating and looking for another person who may have been involved.
Mumbai Central Cyber Police arrested former branch head Rahul Panjwani and bank employee Abhishek Verma.
Police allege a deceased customer’s mobile number and email ID were changed using a forged request form.
The alleged changes were made in July 2025 at the bank’s Tardeo branch.
Two fixed deposits worth about ₹14.87 lakh were allegedly closed prematurely and transferred through multiple channels.
Police are tracing beneficiary accounts and searching for another alleged suspect.
- Who
- Former private-bank branch head Rahul Panjwani and bank employee Abhishek Verma were arrested; police are searching for another alleged participant.
- What
- An alleged ₹29.83 lakh fraud involving unauthorized changes to a deceased customer’s account details and transfers from two fixed deposits.
- Where
- The alleged request-form submission occurred at the bank’s Tardeo branch in Mumbai, while Panjwani was associated with its Chowpatty branch.
- When
- The account details were allegedly changed in July 2025; the article does not specify the arrest date.
- Why
- Police allege the changed contact details were used to access the account and transfer funds.
Key facts
- Alleged fraud amount
- ₹29.83 lakh
- Arrests
- Rahul Panjwani and Abhishek Verma
- Customer involved
- Late Vimla Patil
- Alleged account changes
- Registered mobile number and email ID
- Fixed deposits
- Two deposits worth approximately ₹14.87 lakh
- Transfer methods
- RTGS, NEFT, UPI, IMPS and mobile banking
- Investigation status
- Beneficiary accounts are being traced and a third alleged suspect is being sought
Sources
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