Fraud Alert: Axis Bank Manager Withdraws ₹5 Crore in Double-Money Scam; 9 Detained
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Nagpur, February 04, 2025 - Nagpur News

Nagpur: A shocking case has surfaced in Bhandara district’s Tumsar, where the branch manager of Axis Bank was allegedly duped into withdrawing ₹5 crore from various accounts in a bid to double the money. The incident has sparked widespread concern.


According to Superintendent of Police Noorul Hasan, the manager fell victim to a fraudulent scheme operated by a gang from Chhattisgarh and Gondia. The culprits lured him with a promise to turn ₹5 crore into ₹6 crore.


Driven by greed, the branch manager withdrew the amount from the bank and reportedly stored the cash at Rajkamal Dry Cleaners in Tumsar. Acting swiftly, police detained the manager along with nine members of the gang for interrogation.


Authorities are investigating the matter to recover the stolen funds and uncover any additional accomplices involved in the scam. Further action is underway.

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