Archive · 8 Jun 2025
ICICI Bank Manager Arrested for Embezzling 4.58 Crore
A 26-year-old bank manager in Kota, Rajasthan, was arrested for stealing 4.58 crore from customers, mainly senior citizens, between 2020 and 2023.
She misused their accounts to create loans and overdrafts without their knowledge.
The money was moved to a third-party account and used for stock market trading on platforms like ICICI Direct and Zerodha.
The fraud was discovered by the bank's internal audit team.
Most affected customers were senior citizens unfamiliar with digital banking.
A 26-year-old ICICI Bank manager in Kota, Rajasthan, was arrested.
She is accused of embezzling 4.58 crore from customers.
The fraud targeted senior citizens' FDs and loans between 2020 and 2023.
The manager misused financial instruments without customer consent.
The stolen money was used for stock market trading on ICICI Direct and Zerodha.
- Who
- A 26-year-old ICICI Bank manager and senior citizens
- What
- A bank manager siphoned 4.58 crore from customers' accounts.
- When
- Between 2020 and 2023
- Where
- Kota, Rajasthan
- Why
- The manager allegedly used the money for stock market trading.
- Amount Stolen
- Rs 4.58 crore
- Location
- Kota, Rajasthan
- Bank Involved
- ICICI Bank
- Age of Accused
- 26
- Timeframe
- 2020-2023
- Targeted Group
- Senior Citizens
- Fraud Discovery
- Internal Audit Team
