Ghaziabad: Police in the Ghaziabad district of Uttar Pradesh have arrested an employee of Punjab and Sind Bank on charges of embezzlement, involving the misappropriation of approximately ₹ 65 lakh from several customer accounts.

The accused, identified as 29-year-old Somil Tiwari, allegedly utilized the stolen funds for trading in the stock market, police said on Saturday.

Also Read | Who is Vedika Shetty? Alia Bhatt's ex-PA arrested by Mumbai police

Assistant Commissioner of Police (ACP) of Modinagar Amit Saxena told the agency that Tiwari had "used customers' investment funds for share trading, incurring heavy losses, which he attempted to cover by withdrawing money from the accounts."

During police interrogation, Tiwari confessed to the crime. He admitted to deliberatel

See Full Page