ICICI bank employees orchestrate Rs 20 lakh fraud

New Delhi, Jan 18: Two bank employees and their three accomplices have been arrested for allegedly drawing Rs 20 lakh using fraudulent methods.

Speaking on the arrests on Sunday, Jan 17, Deputy Commissioner of Police (South) H G S Dhaliwal informed that the five people have been identified as Amit Chauhan (29), Sunil Grover (21), Raman Preet Singh (26), Ashish Tiwari (24) and Deepak Malik (33).

A media report published on Monday, Jan 18 has revealed that the two bank employees were working with the country's leading ICICI Bank.

The two ICICI employees are 33-year-old Deepak Malik, a branch sales manager, and a business banking executive 24-year-old Ashish Tiwari, CNN-IBN reports.

According to the report the duo passed confidential client information to three others who would then procure chequebooks in the names of the customers using forged documents.

The mastermind behind the fraud has been identified as Amit Chauhan, a high school pass out, who is reportedly an expert in forging signatures.

OneIndia News