Overview
- Nitesh Rai, a branch manager at Axis Bank, was arrested on November 11 for allegedly taking bribes to process fraudulent account openings.
- A Mumbai court remanded him to CBI custody after the agency registered a case under the Prevention of Corruption Act and relevant BNS provisions.
- The accounts were allegedly used to move and layer illicit proceeds from multiple cybercrimes, including digital arrest scams.
- Two suspects who allegedly paid the bribes are named in the FIR and had already been arrested in the related cybercrime investigation.
- The CBI warned that bankers who facilitate such activity, even passively, could face action under the PC Act and BNS as the probe continues.