Big Fraud at UP Gramin Bank in Fatehpur; Branch Manager Embezzles Rs.3 Crore

A big scam has come to light at the Uttar Pradesh Gramin Bank in Gehrukheda, under Amouli Block of Bindki Tehsil in Fatehpur district. Branch manager Pawan Sachan has been accused of embezzling ₹3 crore using fake documents. Fatehpur is around 70 kilometres from Kanpur.

The branch manager Pawan Sachan took charge of the branch in November 2024. Within just two to three months, he created 32 fake loan files and approved more than 35 fraudulent loans. The scam was exposed during an audit, after which he went absconding.

During the investigation, it was found that the branch manager had even created fake loan documents in the names of his parents, Raghuveer and Padma. He created a master ID and transferred most of the embezzled funds into these accounts. He also showed fake loans under the names of Livelihood Mission, women self-help groups, and dairy farms.

Regional manager Pradeep Kumar Ikka has submitted a written complaint to the police and has suspended the branch manager.

According to Jafarganj police station in-charge, Pramod Kumar Rao, an FIR will be registered after completing the inquiry. The bank management is also trying to find the people in whose names the fake loans were sanctioned.

More details will be released soon.