Mumbai: A suspended Bank of India officer, Hitesh Singla, 32, was arrested last week on a moving train in Gujarat for allegedly siphoning ₹16.10 crore from vulnerable customer accounts and losing nearly all of it in stock market trading, crypto, and online gambling, officials said.

The fraud came to light when Singla stopped reporting to work, prompting internal audits that revealed discrepancies in accounts. Bank of India alerted the Central Bureau of Investigation (CBI), which filed an FIR in early August, triggering a nationwide manhunt.

Investigators said Singla manipulated internal banking systems from May 2023 to July 2025 to divert funds from fixed deposits, PPFs, senior citizen schemes, and dormant accounts into his personal accounts at the State Bank of India. He targeted vulner

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