Delhi High Court Grants Bail to Former Bank Manager Accused of Defrauding Woman of ₹13 Crores
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Delhi High Court Grants Bail to Former Bank Manager Accused of Defrauding Woman of ₹13 Crores The Delhi High Court has granted bail to Varun Vashista , a former bank manager accused of embezzling over ₹13 crores from a customer’s account while working at ICICI Bank's Vikas Puri branch. The bail was approved by Justice Amit Mahajan on November 12, 2024, after considering the evidence and facts of the case. Details of the Case The allegations against Vashista stem from his role as a branch manager. The complainant and her husband had entrusted him with managing their investments, amounting to ₹13.5 crores, between 2019 and 2023. The complainant discovered in January 2024 that nearly ₹12 crores had been **siphoned off** from her account. Key allegations include: - Creation of Fake Fixed Deposits: The accused reportedly created fraudulent fixed deposit accounts in the complainant’s name. - Misappropriation of Funds: Funds were tr...