E-Paper
Panchkula man turns ‘millionaire’ after bank glitch, goes untraceable with ₹20 crore
Police said the accused, Rajat Gupta of Swastik Vihar, was booked on the complaint of HDFC Bank Limited Mansa Devi Complex branch manager Anuj Gupta
A Mansa Devi Complex (MDC) resident turned rich overnight after his bank balance swelled up by over ₹20 crore following a technical glitch during HDFC Bank’s systems upgrade.
Quick to transfer the money into a different account, the man, who has avoided any correspondence with the bank since, has now become the centre of a cheating investigation.
Sharing details, police officials said the accused, Rajat Gupta of Swastik Vihar, was booked on the complaint of HDFC Bank Limited Mansa Devi Complex branch manager Anuj Gupta.
The complainant said Rajat failed to return the amount that had been wrongly debited into his account despite multiple communications from the bank.
The accused, as per the complaint, had a current/savings account with HDFC Bank.
Due to a technical glitch in the banking system May 28, 2022, the balance of certain accounts was wrongly calculated resulting in it shooting up, allowing the customers to withdraw amounts beyond their actual balance. There was no credit entry passed in the system for it due to the system glitch.
The bank reported the matter to the Reserve Bank of India and took necessary action to recover the amount from such customers through physical visits and issuance of the notices.
However, Rajat Gupta, as per the complaint, dishonestly and with mala fide intentions immediately transferred the inflated amount of ₹20,76,14,409 into his account. The bank sent out a notice to the accused and visited his house on multiple occasions, but he remained untraceable. After police failed to act on a complaint lodged in October 2022, the bank moved court and a case under Sections 409 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code was finally registered at the Mansa Devi Complex police station.
