Bank officer in Kota embezzled Rs 4.6 crore from customers’ fixed deposits to invest in stock market, arrested

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Bank officer in Kota embezzled Rs 4.6 crore from customers' fixed deposits to invest in stock market, arrested



ICICI Bank reacts, says affected customers compensatedGupta was taken into custody late on Wednesday night during her sister’s wedding. She has been sent to judicial custody while police continue their investigation.Her mobile phone and laptop have been seized, and the cyber forensics team is analyzing the data for digital evidence of the crime.Following the revelation, ICICI Bank issued a statement confirming Gupta’s suspension and the filing of an FIR.”Customer trust is our top priority. Upon discovering the fraudulent activity, we promptly reported the matter to law enforcement. The employee has been suspended, and we’ve resolved all genuine claims raised by affected customers,” a bank spokesperson stated.Silent victims, quiet settlementsMost of the affected customers have remained silent, as the bank is believed to have compensated them privately. Officials suggest this may have been an attempt to preserve the bank’s reputation. The police are now reaching out to all impacted customers for formal statements and verification.Investigators are also examining the possible involvement of other bank employees and external collaborators. Further arrests are likely as the probe expands.



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