Bank Assistant Officer Arrested in ₹18.60 Lakh Scam in Mahoba

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The police have arrested an assistant officer from the Indian Bank branch in Panwadi, who was on the run in a case involving fraudulent withdrawal of funds from customers’ bank accounts. The accused officer is alleged to have transferred ₹18.60 lakh from the accounts of seven customers to the accounts of acquaintances. The police are currently searching for other suspects.

Consumers at the Indian Bank branch in Panwadi had filed complaints about unauthorized withdrawals, which were reported to the bank’s management, including Branch Manager Ajaykant Tiwari. The investigation into this matter was conducted by the District Magistrate and the Assistant Manager of the regional office in Hamirpur. During the investigation, it was revealed that the assistant officer, Narayan Singh, had been involved in embezzling ₹18.60 lakh from customers’ accounts by transferring the funds to accounts belonging to his acquaintances, using his position for wrongful purposes.

Following this discovery, the assistant officer had been absent from his duties since April 11, 2023. The branch manager had filed a case against the assistant officer and others under various sections, including conspiracy and fraud, at the Panwadi police station. During the ongoing investigation, Narayan Singh, the absconding assistant officer, was arrested by the police in Rat Tigaela on Sunday.

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The Station House Officer, Shashikumar Pandey, explained that, based on an informant’s tip-off, the alleged fraudster was arrested and presented in court, where he has been sent to jail. The accused, Narayan Singh, is originally from the dilapidated village of Thana Kot in Jalaun district.

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