Axis Bank Manager Arrested in ₹5 Crore Fraud Case in Tumsar, Bhandara

By Nagpur Trends Team Published on 2025-02-05 14:20:28.
Axis Bank Manager Arrested in ₹5 Crore Fraud Case in Tumsar, Bhandara

Nagpur, India: A shocking case has emerged in Tumsar, Bhandara district, where the branch manager of Axis Bank was allegedly tricked into withdrawing ₹5 crore from various accounts as part of a scam to double the money.

Superintendent of Police, Noorul Hasan, revealed that the manager fell victim to a fraudulent scheme orchestrated by a gang from Chhattisgarh and Gondia. The gang promised to turn ₹5 crore into ₹6 crore, tempting the manager to withdraw the substantial sum.

Driven by the prospect of easy profit, the manager withdrew the money and is said to have stored it at Rajkamal Dry Cleaners in Tumsar.

Authorities acted promptly, detaining the manager and nine gang members for questioning. Investigations are ongoing to recover the stolen funds and identify any additional individuals involved in the scam. Further actions are expected as the case develops.


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