Axis Bank's alleged sales manager cheated senior citizen of Rs 5 lakh, police complaint lodged

A highly shocking case has come to light that lakhs of rupees were cheated of a retired senior citizen in Vadodara city on the pretext of investment. Niranjanbhai Purshottambhai Mehta, a 61-year-old retired citizen living opposite Chandanpark Society on Sama Canal Road, has been duped of Rs 5 lakh by the alleged sales manager of Axis Bank. In this case, a legal complaint has been lodged at the police station against the gang who cheated the victim senior citizen. Contacted on the pretext of salary account and gained confidence According to the details of the complaint, the complainant Niranjanbhai was earlier employed in Alembic Private Limited Company. After retiring from there, his salary account was working in the branch of Axis Bank at Sama Savli Road. During his frequent visits to the bank, he was introduced to Jayeshbhai Limbabhai Parmar, who identified himself as the bank's sales manager. The accused, Jayesh Parmar, explained the fixed deposits and other pension schemes to invest the PF and gratuity money of the complainant in a scheme that would give high returns to the PF and gratuity money. On the pretext of serving the accused, the accused came to the complainant's house and deposited the FD on different dates. He had won the trust of the complainant. Broke the old FD and took a cheque of Rs 5 lakh on the pretext of a new scheme After taking it into full confidence, accused Jayesh Parmar had earlier filed an FD. A new FD of Rs 5 lakh has been dismantled in the new scheme. It had to be done. On this pretext, he stole Rs. A signed cheque of Rs 5 lakh was received. However, a new FD of this amount. Instead of making it, the accused had created a huge financial car from the Axis Bank branch near the Chhani toll plaza. The accused had made false and bogus signatures on the cheque of the complainant as well as on the RTGS form. The money was then transferred to HDFC Bank of his friend Sujeet Singh Dharamsinh Gohil (R/o Padra, G. Vadodara). (HDFC) was transferred directly to the bank account through RTGS. The pot exploded at the end of 2025 The complainant came to know about the entire scam and the matter when he went to the bank at the end of 2025 to enquire about his pension scheme. The accused, Jayesh Kumar Limbabhai Parmar (R/o Veda-02 Flat, Alembic Kiara Apartments, Vadodara) and his friend Sujeet Singh have been accused of cheating and financial fraud. At present, the Vadodara police have registered a case under stringent sections of the law in this serious financial crime and have set the wheels in motion to nab the two accused.