Trust Betrayed: Shimla Bank Manager’s ₹3.70 Crore Fraud Shakes Local Branch
In a shocking breach of trust, a senior manager at the Kasumpti branch of Bank of Baroda in Shimla has confessed to orchestrating a massive financial fraud within his own institution. The manager, Ankit Rathore, allegedly transferred ₹3.70 crore from the account of the Agricultural Produce Market Committee (APMC) to a woman’s account—without any authorization.
What began as a routine transaction quickly spiraled into a complex web of deceit. Rathore, along with unnamed accomplices, funneled the funds into multiple accounts and withdrew portions in cash. The suspicious activity triggered alarms at the regional level, prompting Deputy Regional Manager Rajesh Kumar Gaba to investigate and ultimately freeze the compromised account.
Only ₹90.95 lakh remains in the account today.
The case was reported to the Chhota Shimla police station, and Rathore has admitted to the fraud during the investigation. He claimed to have acted with the help of unidentified individuals for personal gain. An FIR has been registered under Section 316(5) of the Bharatiya Nyaya Sanhita (BNS), and the police are actively pursuing the matter.
Shimla SP Sanjeev Gandhi confirmed the confession and emphasized that the investigation is ongoing.
