Aryavart Gramin Bank Manager files Fraud Case against 7 Farmers for taking Loans from Multiple Banks on same Property

In Baragaon, Barabanki, a case has been filed by the Aryavart Gramin Bank’s branch manager against seven farmers from the area. The farmers allegedly took out multiple loans from different banks by misusing or reusing the same land documents without clearing their previous loans. This practice is illegal and is considered a form of fraud, as they misled the banks by not disclosing their existing debts and securing new loans without the required No Objection Certificate (NOC) from their previous lenders.

Details of the Alleged Frauds:

1. Ramfal’s Loans
   Ramfal took a loan of ₹5 lakh in 2015 by mortgaging his agricultural land with Aryavart Gramin Bank. In 2017, he secured another loan of ₹9.71 lakh from IDBI Bank but did not repay either loan.
2. Akhilesh and Arvind’s Loans
   Brothers Akhilesh and Arvind each obtained Kisan Credit Card (KCC) loans and later took additional loans from different banks. Akhilesh took ₹4.9 lakh from Aryavart and another ₹5.65 lakh from the Bank of Baroda. Similarly, Arvind took ₹7 lakh from Union Bank. Both have defaulted on these loans.
3. Mayank Singh’s Loan and Sale of Mortgaged Land
   Mayank Singh took a ₹4.1 lakh KCC loan but later sold the land he had mortgaged for the loan without repaying the debt, which is against the loan agreement terms.
4. Radheshyam’s Double Loan
   Radheshyam took an initial loan of ₹2.62 lakh from Aryavart Gramin Bank and then borrowed an additional ₹1 lakh from another bank, without paying off the earlier loan.
5. Ramsaran and Rajesh’s Alleged Document Fraud
   Ramsaran and his son Rajesh allegedly took loans using falsified documents. They first took ₹3 lakh from Aryavart Gramin Bank, then secured another ₹4 lakh loan from the Uttar Pradesh Cooperative Rural Development Bank.

Legal Action and Investigation

The case came to light during a routine investigation by bank officials who discovered that some of these farmers had taken loans from other banks by reusing the same land documents without an NOC, a formality required to ensure there are no existing debts on the property. This practice violates banking regulations and led to suspicions of a coordinated fraud.

Following an investigation, Aryavart Bank’s branch manager filed a complaint at the Masauli police station, and on the orders of the High Court, a case was registered. Bank officials warned that strict action would be taken against those involved.