Bank Scam in UP: 6 Employees committed Rs.5 crore fraud, 3 arrested by SIB

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A major bank scam has been uncovered in the Banda district of Uttar Pradesh, where three bank employees embezzled ₹5 crore in 2018. The matter is being investigated by the Special Investigation Bureau (SIB). On Friday, the SIB team arrested three of the accused with the help of police. The other three accused are absconding.

The matter pertains to the Oran branch of the Oran Cooperative Bank in the Bisanda police station area of the Banda district. Six employees of the bank were found to be involved in the scam, which led to an investigation by the SIB. The SIB team had been investigating the matter for some time.

During the investigation, it was revealed that the six employees had colluded to commit the scam. On Friday, the SIB team arrested three of the accused in Banda. The other three accused fled the scene. The police and SIB team are searching for the other three individuals.

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In a statement, Bisanda police station SHO Krishna Kumar Tripathi said that a team from the SIB had arrived from Lucknow. Police personnel were also sent with them. During the investigation, three persons were arrested on the spot. The court has remanded all three accused in judicial custody for 14 days.

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