ICICI Bank RM allegedly swindles ₹4.58 crore from customer accounts in Kota, loses most of it in stocks
The Hindu
ICICI Bank relationship manager arrested for swindling ₹4.58 crore from customer accounts, losing it in stock market.
A relationship manager in an ICICI bank branch in Kota allegedly swindled around ₹4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday (June 7, 2025) said.
She was arrested last week and is currently under judicial custody, they said.
The accused, Sakshi Gupta, was posted as a relationship manager at ICICI Bank's DCM branch.
Police said she had been pilfering from more than 110 accounts belonging to 41 customers for around two and a half years.
She allegedly invested these amounts in the stock market and lost a large chunk of it, they said.
Branch manager Tarun Dadich filed a complaint against her at the Udhyog Nagar Police Station on February 18, accusing her of siphoning ₹4.58 crore from customer accounts.
Based on the complaint, Ms. Gupta, who worked at the branch from 2020 to 2023, was arrested on May 31.
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