ICICI BANK is Cheating - Fraud Alert Complaint - ICICI BANK IS CHEATING.
MUMBAI -- I am a NRI and have visited Mumbai in Sep 2005 . I tried to open ICICI NRE accounts for myself and my family totalling three accounts by paying 1000 $ on 19th Sep 2005.(by completing all the process)
Money in cash was handed over to Rekha Laud and Rashmi who were on duty.
As per me those were opened successfully, since I received check books, ATM CARDS and various PINs. These accounts belonged to ICICI Andheri Branch.
After that I left India within few days. When I tried to make some transactions , I found funds missing from all my three accounts. The money I deposited did not appear in bank records, I tried to Call Bank Manager Ms. Managala Shetty and Sandip Gupta, but no one was ready to talk or interested to reply. Moreover on my further attempts calling them failed, as they do not pick up phone. There is no one in Bank who is ready to answer about the whereabout of my money (foreign currency) deposited for which I have some receipts which looks fake.
I believe there is some scam or fraud going on in bank on the name of opening NRE accounts. So called ICICI staff feel that It is easy to cheat Non-residents and easy to make money out of foreign accounts which involves foreign currency. It looks like foreign currency racket/scam. Such foreign currency has huge demand in domestic market as far grey market is concerned.
If everything was right then after 20 days I woudn't see zero balance in all the three accounts.It clearly show bank's dishonesty. When I acted strong, these scammers started blaming on defect of my documents meant for opening accounts.This claim came after I startd trace/investigation of my funds.
I feel lost as I do not know what to do since no bank staff is responding to whereabouts of my money and sitting 10000 kms away, I feel that I have been cheated by ICICI bank Andheri, Mumbai branch, I feel shame on such banks.
BEWARE OF ICICI BANK. NRI's need to be extra careful before opening account with ICICI BANK to protect their hard earned foreign currency.