PNC Bank staff accused of siphoning ₹44 lakh from dormant accounts

A shocking breach of trust at PNC Bank unfolds as staff exploit login details to drain inactive accounts. How did they pull it off—and who else is involved?

, and Administrator

2025 December 10 . 3:40 PM

1 min read

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PNC Bank staff accused of siphoning ₹44 lakh from dormant accounts

Two employees of PNC Bank in Bhopal have been accused of stealing over Rs 44.11 lakh from inactive accounts. The Economic Offences Wing filed a case against Deepak Jain, Ajay Singh Parihar, and four others for cheating, forgery, and cyber fraud. The stolen funds were allegedly transferred to personal accounts and those of relatives.

The investigation reveals that Jain and Parihar accessed 221 dormant accounts using the login details of other bank staff. They then moved the money into their own accounts and those of family and friends. Deepak Jain reportedly sent part of the stolen amount to his wife Hemlata’s account.

The case remains under investigation by the Economic Offences Wing. The accused face charges of fraud, forgery, and cybercrime after diverting funds from inactive accounts. Legal proceedings will determine the outcome of the allegations against them.