According to officials, Chouhan, who works as a contractor and previously invested in the share market, was tricked by fraudsters posing as representatives of an investment company offering lucrative returns.
Indian stock markets continued their upward trend on Tuesday morning, with benchmark indices opening in the green. However, market participants appear to be in a "wait and watch" mode ahead of the outcome of the US-China trade talks in London.
Indian stock markets started the week on a strong note, opening higher on Monday as investor confidence got a boost from the recent jumbo rate cut announced by the Reserve Bank of India (RBI).
A woman employee of ICICI Bank in Kota allegedly withdrew Rs 4.58 crore from customers' accounts and invested it in the share market, police said on late Saturday, adding that she has been arrested.
Indian stock markets opened on a cautious note on Friday, as investors remained in a wait-and-watch mode ahead of the Reserve Bank of India's key monetary policy announcement. The policy decision is scheduled to be announced at 10 AM.
Indian stock markets opened lower on Thursday as global sentiment remained weak due to rising concerns over debt and deficit levels in the United States.
Indian benchmark indices opened on a flat yet positive note on Monday, tracking cues from the US markets which also ended flat amid ongoing concerns over tariff wars.