‘Dead woman breaks’ 2 FDs of Rs 30 lakh, ex-bank manager, aide arrested in Mumbai
Mumbai police arrested two bank employees for a Rs 29.83 lakh fraud. Money was siphoned from a deceased customer's account after details were changed. The bank's internal inquiry revealed forged customer request forms were used. Two fixed deposits were prematurely closed, and proceeds were transferred through various methods. The investigation continues…
- Why it matters
- A deceased person's savings were emptied through forged forms and account detail changes, then transferred away — affecting what remained for her heirs.
- Most affected
- Heirs of the deceased customer — Rs 30 lakh in fixed deposits withdrawn and transferred without authorization.
Bank customers with fixed deposits — Illustrates internal control failure that exposed dormant accounts to employee fraud. - Likely next
- Whether investigators recover the transferred funds and whether the bank details how account access controls failed after the customer's death.
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