According to the police, Abhishek Singh was working as a Relationship Officer at Bandhan Bank. His duty was to collect loan instalments from customers, but instead of depositing the money into the bank, he kept it with himself. The fraud came to light during the bank’s internal audit.
Before the irregularities were discovered, Abhishek had taken a weekly leave and submitted his resignation online from home. Once the financial misconduct was confirmed, the bank management informed the police.
Following the instructions of Station House Officer (SHO) Pankaj Kumar Tyagi, Sub-Inspector Amit Singh and Constable Pawan Kumar arrested Abhishek Singh. He is a resident of Godhaiya village in the Zafrabad police station area of Fatehpur district. The police have sent him to jail.
Further investigation is underway to determine the total amount embezzled and whether any other person was involved in the fraud.
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Cases like this highlight how crucial real-time monitoring and verification are in today’s financial world. Internal audits often catch issues too late — by then, the damage is already done.
That’s why continuous compliance tools like Reguard AI are becoming essential. They help banks and fintechs detect unusual activity early, verify transactions in real time, and prevent insider or customer-level fraud before it escalates.
It’s a reminder that technology-driven vigilance is no longer optional — it’s the foundation of trust and transparency in modern banking.
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