The Economic Offences Wing (EOW) of Ahmedabad Police arrested Vipulkumar Saileshkumar Patel, a senior executive manager at Amarnath Cooperative Bank’s Stadium Road Branch, for allegedly embezzling over Rs 2.5 crore through bank fraud, reports DeshGujarat.
Between February and June last year, Patel reportedly misused Axis Bank’s OTP system for RTGS transfers, diverting public funds into personal accounts and manipulating staff to hide the fraud.
The 35-year-old faces IPC charges for cheating and fraud. A local court granted a five-day remand.
