Select Page

A woman discovered that a loan had been taken out in her name and the money was deposited into the account of a man named Khuntia, with HDFC bank. The fraud was uncovered when the loan department of the bank informed the victim that an overdraft (OD) loan had been taken out and the money had been transferred to Khuntia’s account. The victim’s mobile number had been changed, so she was unaware of the transactions. The accused, Nayak, took control of the account and transferred the money to Khuntia’s account, which was then used to fund insurance policies for people Nayak knew. A total of 20 lakh cash was frozen in one of Nayak’s ICICI Bank accounts, and authorities are working to recover the remaining sum and apprehend those involved. Seized items from Nayak’s possession include ATM cards, passbooks, cheque books, mobile phones, SIM cards, a laptop, and signed cheques.

Source: https://www.newindianexpress.com/states/odisha/2024/Dec/01/axis-bank-manager-arrested-for-duping-senior-citizen-of-rs-23-crore-in-cuttack