Rs 4.58 crore siphoned off – over 100 accounts of consumers accessed – fastened deposits damaged: This isn’t some film plot – it’s a surprising fraud {that a} former ICICI Financial institution relationship supervisor pulled off! The multi-crore fraud continued for over two years.The accused, Sakshi Gupta, who served at ICICI Financial institution’s Shriram Nagar department in Kota’s DCM space from 2020 to 2023, was taken into custody by Udhyog Nagar police on Might 31, 2025 after an intensive investigation.In line with a TOI report, police data point out that the fraudulent actions have been initially found on February 18.Following ICICI Financial institution’s inner probe that recognized Sakshi Gupta, who beforehand labored as a relationship supervisor on the financial institution’s DCM department in Kota, as the first suspect in a big monetary fraud affecting buyer accounts, the Kota police have begun their enquiry. The authorities are analyzing potential accomplices and have requested the financial institution to furnish pertinent documentation.
How former ICICI Financial institution relationship supervisor dedicated fraud: 10 Factors
- The investigation revealed that Sakshi Gupta had gained unauthorised entry to greater than 110 accounts of 41 prospects and executed a number of unlawful transactions.
- Investigators discovered that she had diverted the misappropriated funds into inventory market investments, which subsequently resulted in substantial monetary losses.
- To be able to conceal the deception, Gupta allegedly substituted the registered cellular numbers of assorted financial institution accounts with these of her members of the family.
- The precise account holders have been unable to obtain transaction notifications and one-time passwords (OTPs) as a consequence of this modification, in line with police reviews.
- The investigation revealed a number of fraudulent actions by Gupta, together with unauthorised activation of overdraft amenities throughout 40 accounts.
- Additional findings confirmed that she had unlawfully terminated fastened deposits belonging to 31 purchasers, channeling Rs 1.34 crore to completely different accounts.
- The probe uncovered her unauthorised utilization of debit playing cards, together with their related PINs and OTPs, to conduct numerous on-line and ATM transactions.
- Moreover, Gupta was discovered accountable for processing a fraudulent private mortgage amounting to Rs 3.4 lakh.
- The investigation additionally established that she had extensively utilised Insta Kiosk machines and digital banking platforms to execute quite a few fraudulent transactions.
- The illicit funds have been distributed throughout a number of Demat accounts, suggesting an try to hide the cash path.
After figuring out irregularities, financial institution supervisor Tarun Dadhich registered a grievance, which led to a complete audit and subsequent police investigation.“She systematically transferred funds, generally utilizing the account of an aged girl who had no data of the exercise as a pool account,” stated sub-inspector Ibrahim of Udhyog Nagar police station. “By mid-February 2023, over Rs 3 crore had handed by means of that single account.”Following a one-day police custody, Gupta appeared earlier than the court docket and was despatched to judicial custody. The police proceed their enquiries into the matter.A consultant from ICICI Financial institution stated, “The curiosity of our prospects are of paramount significance to us. Instantly upon discovering the fraudulent exercise, we filed an FIR with the police. We’ve got a zero-tolerance coverage towards any fraudulent exercise and thus suspended the worker concerned. We wish to reassure that real claims of impacted prospects have been settled.”