The Central Bureau of Investigation (CBI) on Tuesday, November 3, arrested Deepanshi, an office assistant/sub-staff member at Punjab National Bank's Sector Pi branch in Greater Noida, Uttar Pradesh, and a private individual, Ashutosh Pathak, in connection with an alleged fraud of Rs 10.24 crore from customer accounts, according to reports summarising the agency's case.

Source: Particle News (CBI case summary)

This is a follow-up to an earlier development: on October 27, customers of the same branch alleged that large sums had been withdrawn from their accounts without authorisation and that police complaints had been filed. Read the earlier report

The CBI registered the case on October 29, 2026, naming the two arrested persons and unknown public and private persons, under provisions covering criminal conspiracy, breach of trust, cheating and falsification of accounts, along with the Prevention of Corruption Act and the Information Technology Act, the reports said. Nation Press reported the same arrests, the same Rs 10.24 crore figure and the same October 29 case registration.

Source: Nation Press

What the agency alleges

According to the CBI's preliminary findings as reported, the bank's internal inquiry and system-log review found unauthorised debits of Rs 10.24 crore from multiple customer savings and fixed-deposit accounts, allegedly siphoned off over about three years. The accused assistant allegedly misused the core banking (CBS) user IDs of other officials, altered account and fixed-deposit entries, and routed funds through beneficiary accounts. A branch reconciliation is still under way to establish the precise extent of customer losses.

Rs 10.24 croreAlleged amount siphoned
2Arrests on November 3
October 29, 2026Date the CBI registered the case
About 3 yearsPeriod of the alleged unauthorised debits

The agency has obtained transit remand for the private accused from the Special Court for CBI Cases in Pune, Maharashtra, indicating he was apprehended outside Uttar Pradesh, and both accused are expected to be produced before the designated CBI court as the investigation progresses.

Investigators say they are tracing the flow of the diverted funds and looking for other possible co-conspirators. The allegations have not been proved in court, and the accused have not been convicted of any offence.