Rs 500 In, Rs 5 Crore Out: How a Hathras 'Kachori' Seller Managed a Multi-Crore Scam
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A shocking case from Hathras, Uttar Pradesh, has revealed how a 23-year-old small-time eatery owner allegedly defrauded a bank of Rs 5 crore within just four months. The accused, Akash, who managed a shop named ‘Maa Chamunda Sweet and Namkeen’, is now under police custody after his suspicious activities came to light.
From a Kachori Stall to Crores
Akash stepped into the role of family breadwinner after his father’s demise, running a modest kachori shop. Locals were left baffled when his financial fortunes changed overnight. Starting with a deposit of just Rs 500, he was soon seen purchasing a Yamaha R15 worth Rs 2.5 lakh, booking a Thar SUV, and buying gold worth nearly Rs 3.5 lakh. His sudden lifestyle upgrade sparked curiosity and suspicion among neighbours, which eventually drew the attention of the police.
Police Step In
The Hathras police quickly formed a Special Operations Group (SOG) to investigate. Their probe traced Akash’s financial dealings to accounts held in the Bank of India and HDFC Bank. According to police officials, what they uncovered was nothing short of startling. Akash was taken into custody and is currently being questioned, though authorities have refrained from sharing details of his statements so far.
The Overdraft Loophole
Investigations revealed that Akash allegedly exploited the overdraft facility to build his fortune. In May 2025, he opened an account with HDFC Bank with a Rs 500 deposit. He initially withdrew Rs 5,000 using overdraft and gradually increased his withdrawal limits by making small deposits. Eventually, he managed to withdraw Rs 50 lakh without depositing an equivalent sum. By repeating this process nine times, Akash reportedly siphoned off a staggering Rs 5 crore.
Risky Investments
Rather than letting the funds lie idle, Akash is believed to have diverted a significant portion into the stock market through an online brokerage platform. Reports suggest that nearly Rs 3.5 crore was invested in shares, indicating an attempt to multiply his illegally obtained wealth.
Banks Under the Scanner
The police have not ruled out internal lapses. Three bank employees are also being scrutinised for their possible involvement in enabling the fraudulent transactions. Officials are now working to determine whether this was a one-man operation or part of a larger nexus.
What Lies Ahead
The case has sparked intense debate locally, as many are questioning how such a massive fraud could go unnoticed for so long. Authorities continue to dig deeper into the matter to ascertain the full scale of the scam and the accountability of all those involved. For now, Akash’s tale serves as a reminder of how loopholes in banking systems can be manipulated - even by someone running a small kachori stall.
From a Kachori Stall to Crores
Akash stepped into the role of family breadwinner after his father’s demise, running a modest kachori shop. Locals were left baffled when his financial fortunes changed overnight. Starting with a deposit of just Rs 500, he was soon seen purchasing a Yamaha R15 worth Rs 2.5 lakh, booking a Thar SUV, and buying gold worth nearly Rs 3.5 lakh. His sudden lifestyle upgrade sparked curiosity and suspicion among neighbours, which eventually drew the attention of the police.
Police Step In
The Hathras police quickly formed a Special Operations Group (SOG) to investigate. Their probe traced Akash’s financial dealings to accounts held in the Bank of India and HDFC Bank. According to police officials, what they uncovered was nothing short of startling. Akash was taken into custody and is currently being questioned, though authorities have refrained from sharing details of his statements so far.
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The Overdraft Loophole
Investigations revealed that Akash allegedly exploited the overdraft facility to build his fortune. In May 2025, he opened an account with HDFC Bank with a Rs 500 deposit. He initially withdrew Rs 5,000 using overdraft and gradually increased his withdrawal limits by making small deposits. Eventually, he managed to withdraw Rs 50 lakh without depositing an equivalent sum. By repeating this process nine times, Akash reportedly siphoned off a staggering Rs 5 crore.
Risky Investments
Rather than letting the funds lie idle, Akash is believed to have diverted a significant portion into the stock market through an online brokerage platform. Reports suggest that nearly Rs 3.5 crore was invested in shares, indicating an attempt to multiply his illegally obtained wealth.
Banks Under the Scanner
The police have not ruled out internal lapses. Three bank employees are also being scrutinised for their possible involvement in enabling the fraudulent transactions. Officials are now working to determine whether this was a one-man operation or part of a larger nexus.
What Lies Ahead
The case has sparked intense debate locally, as many are questioning how such a massive fraud could go unnoticed for so long. Authorities continue to dig deeper into the matter to ascertain the full scale of the scam and the accountability of all those involved. For now, Akash’s tale serves as a reminder of how loopholes in banking systems can be manipulated - even by someone running a small kachori stall.
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