ICICI bank manager held for fraud of 1.3 cr

Mumbai:

ICICI bank manager Aatanu Bhusan and an employee Chetan Anand were arrested for an alleged fraud of Rs. 1 crore.


While three others were arrested in the same connection, the man behind the scam Shaikh Rashid Ansari is still absconding.


The three accused Salim Phirhati, Suresh Kulkarni and Bharat Mrugudal had bank accounts in Karnataka. Rs 16 lakh and 41.22 of two parties were transferred into their accounts recently.


Earlier a complaint about the same kind of fraud to the tune Rs 32 lakh from the GM motors ICICI account was noticed. Similar incidents have occurred happened in Malad, where Rs 6 lakh and Rs 40 lakh were transferred two months back.


The accused in both the cases are the same.


Meanwhile Charudatta Deshpande ICICI GM Corporate Communications, says, "I have checked with our business unit, and the exposure to the fraud is Rs 1.3 crore."


"The bank terminated the employee under suspicion and also lodged a complaint with the police," continued Deshpande.


"We are cooperating with the police. Other banks affected by the fraud are Axis and Kotak. The additional amount is expected to be another Rs1.5 crore," added Deshpande.