📷 Image: Wikimedia Commons / Raimond Spekking
Crime
Minor Mastermind Behind ₹1.14 Crore Bank Fraud Arrested in Morakha, MP
✍️ Amar Ujala · Madhya Pradesh
🗓 28 Oct 2026, 10:46 AM
👁 16
A minor was identified as the mastermind in a ₹1.14 crore fraud at the Bank of Maharashtra’s Morakha branch, leading to the arrest of an assistant manager and seizure of ₹22.33 lakh in assets.
Police in Madhya Pradesh have arrested an assistant manager of the Bank of Maharashtra’s Morakha branch after uncovering a fraud scheme that netted ₹1.14 crore. Investigations revealed that the mastermind behind the scam was a minor, a fact that has shocked banking officials and the local community.
The fraud involved manipulating account details and siphoning funds from customer deposits. The assistant manager, who had access to the branch’s cash handling systems, was detained on charges of conspiracy and fraud.
In addition to the arrest, authorities seized assets worth approximately ₹22.33 lakh, including cash, bank statements and electronic devices linked to the transaction trail. The police have filed a case under the Indian Penal Code and the Prevention of Money Laundering Act.
The case is currently under investigation by the Central Bureau of Investigation, and the court is expected to schedule a hearing soon. The bank has announced that it will review its internal controls to prevent similar incidents in the future.
The fraud involved manipulating account details and siphoning funds from customer deposits. The assistant manager, who had access to the branch’s cash handling systems, was detained on charges of conspiracy and fraud.
In addition to the arrest, authorities seized assets worth approximately ₹22.33 lakh, including cash, bank statements and electronic devices linked to the transaction trail. The police have filed a case under the Indian Penal Code and the Prevention of Money Laundering Act.
The case is currently under investigation by the Central Bureau of Investigation, and the court is expected to schedule a hearing soon. The bank has announced that it will review its internal controls to prevent similar incidents in the future.