An Indian woman has accused a manager at one of the country’s largest banks of defrauding her by siphoning off 160m rupees ($1.9m; £1.5m) from her account.
Shveta Sharma says she had transferred money to the ICICI bank from her US account, expecting it to be invested in fixed deposits.
But she alleges that a bank official created “fake accounts, forged her signature, took out debit cards and cheque books in her name” to withdraw money from her accounts.
But she alleges that a bank official created “fake accounts, forged her signature, took out debit cards and cheque books in her name” to withdraw money from her accounts.
A spokesman for the bank admitted to the BBC that “indeed the fraud had happened” but said that the ICICI “is a bank of repute which holds trillions of rupees in deposits from millions of customers”.
“Whoever is involved will be punished,” he added.
Ms Sharma and her husband, who returned to India in 2016 after living for decades in the US and Hong Kong, met a banker through a friend.
As the interest rate on bank deposits in the US was negligible, he advised Ms Sharma to move her money to India where fixed deposits were offering an interest of 5.5% to 6%.
She opened an NRE account meant for non-resident Indians on his advice after visiting the ICICI’s branch in old Gurugram near the capital, Delhi, and in 2019, began transferring money into it from her US account.
An Indian woman has accused a manager at one of the country’s largest banks of defrauding her by siphoning off 160m rupees ($1.9m; £1.5m) from her account.
But she alleges that a bank official created “fake accounts, forged her signature, took out debit cards and cheque books in her name” to withdraw money from her accounts.
Shveta Sharma says she had transferred money to the ICICI bank from her US account, expecting it to be invested in fixed deposits.
A spokesman for the bank admitted to the BBC that “indeed the fraud had happened” but said that the ICICI “is a bank of repute which holds trillions of rupees in deposits from millions of customers”.
But she alleges that a bank official created “fake accounts, forged her signature, took out debit cards and cheque books in her name” to withdraw money from her accounts.
But she alleges that a bank official created “fake accounts, forged her signature, took out debit cards and cheque books in her name” to withdraw money from her accounts.
A spokesman for the bank admitted to the BBC that “indeed the fraud had happened” but said that the ICICI “is a bank of repute which holds trillions of rupees in deposits from millions of customers”.
“Whoever is involved will be punished,” he added.
Ms Sharma and her husband, who returned to India in 2016 after living for decades in the US and Hong Kong, met a banker through a friend.
As the interest rate on bank deposits in the US was negligible, he advised Ms Sharma to move her money to India where fixed deposits were offering an interest of 5.5% to 6%.
She opened an NRE account meant for non-resident Indians on his advice after visiting the ICICI’s branch in old Gurugram near the capital, Delhi, and in 2019, began transferring money into it from her US account.
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