Sikkim Vigilance Police has arrested a former general manager of the State Bank of Sikkim (SBS) in connection with a disproportionate assets case. Police conducted searches at multiple residential premises in and around Gangtok and Siliguri.
The Sikkim Vigilance Police arrested Dorjee Tshering Lepcha, the former General Manager (Operations) of the State Bank of Sikkim (SBS), on September 28, 2026, in connection with a major corruption and disproportionate assets case.
State Bank of Sikkim (SBS) is a state owned banking institution headquartered at Gangtok, Sikkim, India. In addition to banking services, State Bank of Sikkim handles treasury functions of the Sikkim State Government.
He is accused of abusing his official position between 2022 and 2024 to embezzle crores of public funds by creating a fraudulent bank account under a government department’s name.
Funds were allegedly moved through manipulated banking records into personal accounts belonging to him, his wife, and close associates, as well as utilized to buy land and buildings in Gangtok and Siliguri.
The properties found during raids are suspected to have been acquired using funds allegedly embezzled during his tenure. The Sikkim Vigilance Police said it had registered an FIR after receiving specific information alleging that the accused officer and his family possessed assets “grossly disproportionate” to his known sources of income, which he would not be able to satisfactorily account for.
Initial investigation has revealed that the accused, while serving as General Manager of the State Bank of Sikkim between 2022 and 2024, allegedly indulged in corrupt practices, deceived bank customers and beneficiaries and siphoned off crores of rupees through illegal means, the Vigilance department said.
The department further said the investigation indicated that the allegedly illegal funds were used to purchase several buildings and plots of land, both in the name of the former GM and his wife.
During the searches, Vigilance Police seized several documents relating to the accused’s assets and other properties.
The department also said that, based on another FIR registered against the former GM, the Enforcement Directorate had earlier provisionally attached several immovable properties worth crores allegedly linked to him.
The Vigilance Police said it had in the past registered multiple FIRs in cases involving alleged corruption within the State Bank of Sikkim across several branches. Those investigations, according to the department, have brought to light allegations of abuse of official position and illicit enrichment by certain officials.
The officials suspected of having amassed assets through illegal means remain under investigation and further action would follow based on evidence unearthed during the probe, it said.
