Deputy Manager Arrested for Stealing Rs 8.6 Crore to Fund Online Betting

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A 29-year-old deputy manager of a private bank in Warangal, Telangana, has been arrested for stealing Rs 8.6 crore to fund his online gambling habit.

The banker, identified as P. Ramesh, was working at the bank’s Narsampet branch. He allegedly siphoned off the money over a period of two years by forging documents.

Ramesh used the money to gamble on online betting websites. He was arrested after the bank’s internal audit department found discrepancies in his accounts.

The police are investigating the case and are trying to trace the money that Ramesh has gambled away.

Ramesh is the latest in a string of bankers who have been arrested for stealing money to fund their gambling habits. In recent years, there has been a growing problem with online gambling addiction, and banks have been increasingly targeted by criminals.

This case highlights the need for banks to have strong internal controls in place to prevent fraud. It also serves as a warning to gamblers about the dangers of addiction.

The police are urging anyone who has information about Ramesh’s gambling activities to come forward. They are also asking anyone who has been scammed by him to contact them.

The case is a reminder of the dangers of online gambling addiction. If you or someone you know is struggling with a gambling addiction, there are resources available to help. Please visit the National Council on Problem Gambling website for more information.


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