Yog Raj Sharma
The North News
Shimla, September 11
Shimla Police have launched an investigation into a major bank fraud after a senior manager at the Bank of Baroda allegedly siphoned off ₹3.7 crore. Officials said Ankit Rathore, senior manager at the bank’s Kasumpti branch, transferred the money from an APMC, S&K account to the account of a woman named Kalu Devi. The funds were then moved into accounts of his associates. The regional head of the bank raised the alarm after detecting irregularities and lodged a complaint with the Chhota Shimla police station. Following the complaint from Deputy Regional Manager Rajesh Kumar Gaba, police began the probe.
A preliminary internal inquiry by the bank confirmed the fraud. Authorities froze the accounts involved, with around ₹90.95 lakh still remaining in the woman’s account. During interrogation, Rathore admitted to the offence, claiming he was lured by unidentified individuals and committed the fraud for personal gain. Police have registered a case under Section 316(5) of the Indian Penal Code and a wider investigation is underway.
The case has raised concerns about the security of banking operations and serves as a warning to customers. Both the bank and police say they are pursuing the matter to ensure strict action against those involved.
