Trust in nationalised banks is often considered unquestionable. However, a shocking case from Malleshwaram in Bengaluru has raised serious concerns after a senior bank official allegedly betrayed that trust by orchestrating a massive fraud amounting to ₹3 crore. The incident has left several customers distressed and has once again highlighted vulnerabilities within the banking system.

The accused, Raghu, who was serving as a Senior Manager at the Canara Bank branch in Malleshwaram, is alleged to be the mastermind behind the fraud. According to preliminary information, he availed loans totalling more than ₹3 crore in the names of around 21 customers and subsequently went absconding.