Former relationship managers of a private bank booked for fake KYC fraud
Two former relationship managers of a private bank have been booked for facilitating the opening of accounts with forged KYC documents. An internal inspection revealed suspicious transactions in 13 accounts, leading to losses for the bank. The police are currently investigating the matter further, as many of the fraudulent accounts remain operational.
- ▪The cybercrime police registered a case against two former relationship managers for fake KYC fraud.
- ▪An internal inspection found suspicious transactions in nearly 13 accounts opened with forged documents.
- ▪The two individuals allegedly bypassed mandatory verification procedures to facilitate the fraudulent accounts.
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The cybercrime police have registered a case against two former relationship managers of a private bank for allegedly facilitating the opening of bank accounts using forged KYC documents to enable fraudulent transactions.According to the complaint filed by the deputy branch manager of the Amruthahalli branch of the bank, an internal inspection conducted by the bank’s investigation team in November 2025 revealed suspicious transactions in nearly 13 accounts allegedly opened using fake KYC documents. The accounts were reportedly used for illegal financial transactions, resulting in losses to the bank and enabling the movement of suspicious funds.During verification, bank officials identified multiple savings accounts allegedly opened with forged documents.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
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