According to a report by The Financial Express, a Australian-based Overseas Citizen of India (OCI) has accused Axis Bank officials of siphoning off Rs 6.5 crore from his bank account. The OCI, who has been living in Australia for over 20 years, claimed that he had transferred Rs 6.5 crore to his account with Axis Bank in India, which was supposed to be used for a business venture. However, he later discovered that the entire amount had vanished from his account. He alleged that the bank officials conspired with some external entities to siphon off the money. Axis Bank has denied the allegations, stating that the claims are “wholly baseless” and that it has a robust security system in place to prevent such incidents. The bank has promised to cooperate with any investigation and provide any necessary information to clarify the matter. The OCI has vowed to take legal action against the bank and its officials to recover the stolen funds.
Did Axis Bank officials embezzle $850,000 from an Australian-based individual’s account? Bank denies allegations, claims false
by newsworm | Dec 25, 2024 | Axis bank, Banking | 0 comments