Bandhan Bank Staff arrested in Raebareli UP for embezzling Funds from 93 Customers Accounts

Raebareli, Uttar Pradesh: A bank employee in Jagatpur, Raebareli, has been arrested for allegedly misappropriating customers’ loan instalments. The accused, Abhishek Singh, is charged with financial irregularities in 178 transactions involving 93 customers.

According to the police, Abhishek Singh was working as a Relationship Officer at Bandhan Bank. His duty was to collect loan instalments from customers, but instead of depositing the money into the bank, he kept it with himself. The fraud came to light during the bank’s internal audit.

Before the irregularities were discovered, Abhishek had taken a weekly leave and submitted his resignation online from home. Once the financial misconduct was confirmed, the bank management informed the police.

Following the instructions of Station House Officer (SHO) Pankaj Kumar Tyagi, Sub-Inspector Amit Singh and Constable Pawan Kumar arrested Abhishek Singh. He is a resident of Godhaiya village in the Zafrabad police station area of Fatehpur district. The police have sent him to jail.

Further investigation is underway to determine the total amount embezzled and whether any other person was involved in the fraud.