ICICI Bank Fraud – An Indian-origin woman – who returned to India in 2016 from the US- has alleged that she was duped of ₹ 13.5 crore by a manager at the ICICI Bank by engaging in “fraudulent activities.”
The victim, Shveta Sharma, who fell prey to ICICI Bank’s fraudulent employee, informed BBC that she had transferred money to her bank account in India from her US account to invest in fixed deposits that offered an interest rate of 5.5% to 6% since the interest rate on bank deposits in the US was negligible.
The woman told the British Broadcasting Corporation (BBC) that she had transferred ₹ 13.5 crore from her bank account in the US to the ICICI Bank, to have the invested in fixed deposits. She expected that the investment would grow to more than ₹ 16 crore in the coming years.
She alleged that the bank official, introduced to her by a friend, created “fake accounts, forged her signature, took out debit cards and cheque books in her name”, and convinced her to invest in FDs in India just to extort money from her accounts, as per BBC. This went on for four years, from September 2019 to December 2023, until the scam surfaced in early January when another bank employee offered to get better returns on her money.
Also Click here to Read Latest Cyber Crime News
What ICICI Bank Said
We have communicated to the customer that we are ready to transfer the disputed amount of ₹ 9.27 crore (she has already encashed a fixed deposit of ₹ 2 crore) to her account with a lien, pending the outcome of the investigation,” ICICI bank said in a statement.
