A few officials of Axis Bank’s Begumpet branch have been booked for allegedly siphoning off ₹6.5 crore from the account of an Overseas Citizen of India (OCI) residing in New South Wales, Australia.
According to the police, money was siphoned off over the last two years from the premium account of Paritosh Upadhyay.
Following a complaint, a case was booked against the former branch head Sridevi Raghu, senior partner Venkataramana Pasarla, service partner Surekha Saini, and senior vice-president Hari Vijay.
According to Mr. Upadhyay, the accused forged his signatures to withdraw funds using loose-leaf cheques and executed transfers from his account. Despite reporting the incident to the bank’s management two years ago, no action was taken, he claimed.
Published – December 11, 2024 03:00 am IST
