The Mumbai Police booked two employees of Bank of Baroda for allegedly siphoning off Rs 1.19 crore in the past 18 months. The incident came to light after Maruti Tiwari, manager of the Powai branch of the bank, filed an FIR stating that five to six suspicious transactions were being detected in a customer's account.

According to a report in Hindustan Times, suspicious transactions were found during a probe conducted by the bank. The transactions were linked to an account opened in the name of Kartik Kshatriya in the Visakhapatnam branch of the bank. A thorough inquiry revealed much more illegitimate transactions.