ICICI Bank Branch Manager Accused of Forging Signature in Rs 12 Crore Fraud Case

In a shocking revelation, an ICICI Bank branch manager in Delhi is under investigation for allegedly forging the signature of an NRI customer, resulting in a fraud amounting to approximately Rs 12 crore. The accused branch manager is reported to have confessed to the forgery, and the case is now under the scrutiny of the Economic Offences Wing (EOW).

ICICI Bank Urges Action: Forgery and Embezzlement Unearthed

The accused branch manager allegedly manipulated the customer’s signature to create an overdraft facility of Rs 2.7 crore, according to ICICI Bank. The bank has urged the police to file a First Information Report (FIR) in the matter, emphasizing the seriousness of the forgery and financial misconduct. The case has now been transferred to the EOW for a thorough investigation into the intricate details of the fraudulent activities.

Customer’s Allegations: Fake Fixed Deposit Receipts Uncovered

The victim, an NRI customer, claims that the branch manager provided them with fake fixed deposit receipts bearing the bank’s stamp and official email ID. While the complainant asserts that the fraud commenced in 2019, it only recently came to light following their complaint about the alleged embezzlement. ICICI Bank, on the other hand, maintains that transaction details were consistently sent to the customer’s registered mobile number and email ID.

Legal Action Initiated: FIR Filed and Investigation Underway

The case has been registered under various sections of the Indian Penal Code, and the EOW is actively pursuing a comprehensive investigation into the alleged fraud. ICICI Bank, committed to resolving the matter transparently, has expressed its readiness to transfer the disputed amount of Rs 9.27 crore (pending the investigation outcome) back to the customer’s account with a lien.

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