In a shocking case of financial fraud, a 26-year-old woman working as a relationshipmanager at ICICI Bank was arrested for allegedly stealing ₹4.58 crore from unsuspecting customers. Driven by a severe addiction to stock market trading, particularly in futures and options (F&O), she diverted customer funds to invest in high-risk speculative trades. Shockingly, she didn’t even spare her own family—reportedly taking money from her father-in-law to continue her F&O trading activities.
The fraud came to light when ICICI Bank’s internal audit team flagged suspicious transactions involving fixed deposits, overdraft facilities, and personal loans. Upon verification, the branch manager filed a formal FIR against the accused, revealing the scale of the scam. She allegedly manipulated customer accounts without authorization, siphoning off funds for personal trading activities in the stock market.
The accused was arrested by Udyog Nagar Police Station in Kota, Rajasthan, on May 31, 2025, during her sister’s wedding. The police confirmed her custody and stated that a chargesheet will be filed after the investigation is complete. The case has raised serious concerns about internal controls and employee vetting procedures at private sector banks like ICICI.
