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ICICI Bank RM accused of stealing Rs 4.58 crore by breaking FDs and masking overdrafts

Business
Published on 24 April 2026
ICICI Bank RM accused of stealing Rs 4.58 crore by breaking FDs and masking overdrafts

Customers lost money as her future and options trades grew

A 26-year-old ICICI Bank relationship manager in Kota, Rajasthan, has been arrested for allegedly stealing Rs 4.58 crore from customers, including senior citizens, between 2020 and 2023. Investigators say she broke FDs, created overdrafts and personal loans, and manipulated bank systems and customer details to hide funds used for speculative F&O trading.

  • ICICI Bank RM in Kota arrested over alleged Rs 4.58 crore fraud
  • Accused allegedly broke FDs to generate customer losses
  • Overdrafts and personal loans were reportedly created to conceal diversion
  • Funds allegedly funded speculative futures and options trading
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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