Bounced Check Exposes Ghaziabad Bank Employee's ₹65 Lakh Share Market Embezzlement

• A Punjab & Sind Bank employee in Ghaziabad was arrested for embezzling approximately ₹65 lakh from customer accounts.
• The employee, Somil Tiwari, allegedly used the funds to cover losses incurred from stock market trading.
• The fraud was uncovered after a customer's check bounced, prompting a bank investigation.
• Tiwari targeted inactive accounts, opened fake accounts, and used RTGS transfers and misused checks for the embezzlement.
• Police investigation is ongoing to determine if others were involved and the full extent of the fraud.

Why It Matters: Bank employee's stock market fraud highlights risks to customer funds.