Shimla Bank Scam: Bank of Baroda Officer Accused of Rs.3.70 Crore Fraud - How It Was Exposed

In a major banking fraud, a senior manager at Bank of Baroda ’s Shimla branch has been found involved in the unauthorized transfer and withdrawal of ₹3.70 crore. The accused allegedly diverted funds from an institutional account into personal and third-party accounts, later withdrawing the money in cash or routing it through various transactions to mask the trail. The fraud was discovered between August 22 and 27, when suspicious activity was detected during routine checks. A formal police complaint was lodged by the Deputy Regional Manager, prompting immediate freezing of suspect accounts and a deeper investigation.