Big Fraud in Axis Bank! Crores of Rupees of Loans Misused, Employee suspended

A major bank fraud has come to light in the Dongargarh area of Rajnandgaon district, Chhattisgarh, where an employee of Axis Bank has been accused of fraudulently withdrawing loans and overdraft amounts totaling over ₹1.06 crore using customers’ names and documents.

The accused, Umesh Gorle, was working in the loan department of Axis Bank’s Dongargarh branch. Between 2022 and 2025, he allegedly misused his position by collecting documents and OTPs (one-time passwords) from several customers under the pretext of helping them apply for loans, increase their Kisan Credit Card (KCC) limits, or open fixed deposits (FDs).

Instead of using the documents for legitimate purposes, he fraudulently sanctioned overdraft (OD) and personal loans in the names of these customers and withdrew the sanctioned amounts for personal use.

The fraud came to light when a customer named Chandmal Agarwal noticed an OD account with a limit of ₹99 lakh opened in his name, from which ₹31 lakh had been withdrawn without his knowledge. He immediately reported the matter to the bank, which then initiated an internal investigation.

Axis bank’s inquiry revealed that similar fraud had been committed with at least six customers. The total known fraud amount so far is estimated at ₹1.06 crore, but authorities suspect the actual figure could cross ₹10 crore as more victims may come forward.

List of Victims and Amounts Lost

The bank has identified six victims and the amounts they lost due to the fraud:

• Chandmal Agarwal – ₹31 lakh
• Moolchand Kosaria – ₹30 lakh
• Tirathlal Patel – ₹1.5 lakh
• Balak Das – ₹15.60 lakh
• Pramod Temmunekar – ₹23.12 lakh
• Rashi Lohiya – ₹32.63 lakh

In some cases, the accused passed loans for a higher amount but handed over only part of the sanctioned amount to the customer, keeping the rest for himself. In others, he converted FD applications into loans or overdraft facilities and misappropriated the money.

After being confronted, the accused allegedly admitted to the wrongdoing and promised to return the money. However, when he failed to do so, the customers submitted a written complaint to the bank and the local police.

Following the complaint, Axis Bank suspended the employee, and an FIR (First Information Report) was registered at Dongargarh Police Station. The matter is currently under investigation by both the police and banking authorities.

Additional SP Rahul Dev Sharma confirmed that a formal case has been registered and said that efforts are underway to trace and arrest the accused. The police are also looking into the possibility of more customers being affected by the fraud.

The investigation is going on and more details will be released soon.