A major fraud case has recently surfaced at an HDFC Bank branch in Betul district of Madhya Pradesh, where the employees have been charged with stealing money from the customers. The customers have complained that the bank employees prepared the forgeries and transferred the money from their accounts which they claimed was used for IPL betting. Up to date, more than six account holders have laid their complaints, indicating how their funds were withdrawn through fake credit cards, fixed deposits (FDs), self-checks and online transfers.
The victims state that their money has been disappearing from their FDs, while some of them reported that their accounts have been emptied although they had made deposits by cheques and cash. A customer found that ₹5 lakh had been withdrawn from his FD which was to be used for his daughter’s wedding. As more people who are affected by this continue to report themselves to the authorities more investigations are being called for.
There are very strong allegations that the bank employees at the Betul branch have been using the customers’ money to place their bets during the IPL season. However, these allegations are not yet true. When some of the victims went to the Ganj police station to lodge their complaints, they said that the concerns were not addressed. A formal complaint has been made to the Collector’s office and he has assured that an investigation will be done.
This case shows a very disturbing trend of fraud that has been going on at the HDFC Bank branch in Betul where the branch has been reported to have been involved in fraud for several times. Nevertheless, up to now, no major investigation has been conducted on the branch. The fraud that has been going on in the bank has created a lot of doubt on the bank and its management.
