Manager and other employees of Bank of India have been arrested for fraudulently issuing loans under Mudra scheme. So far, the investigation has revealed fraudulent loans worth two and a half crore rupees. On Sunday, the police arrested three individuals, including the bank manager, assistant manager, and a mastermind. Dr. Akhilesh Narayan Singh, the SP South, revealed in a press conference at the police headquarters that currency and other loans were issued in the names of nearly 60 people.
In the Jaidpur police station area, people had complained to the police in August that an account was opened in the Bank of India in Barauli Malik village, located in the Jaidpur police station area, to provide currency loans and open savings accounts, but no loans were given. Later, these people received recovery notices, and on August 25, cases were filed against many individuals, including the Bank Manager Aman Verma, Assistant Manager Shailendra Pratap Pankaj, and others, at the Jaidpur police station. The bank also initiated a vigilance inquiry.
During the investigation, it was discovered that the mastermind behind this entire scheme was Suresh Madhu Rawat, a resident of Nijampur village in the Gosainganj police station area of Lucknow. Suresh resides in the Vastukhand police station area of Gomti Nagar. Suresh was acquainted with Shailendra, and he arranged Shailendra’s transfer to the Barauli Malik branch of the bank.
Afterward, they lured people into the bank by offering them loans and creating fake signatures on forms and other documents to withdraw loans in people’s names.
The mastermind behind the fraud, Suresh Madhu Rawat, runs a school and hospital. Several of his associates are also being investigated.
There was also a similar fraud at the Khurramnagar branch of the Bank of India in Lucknow, and an inquiry is underway. The bank’s vigilance team is also involved in investigating this case.
Amar Ujala had exposed this fraud on September 17 with the headline “Scam in the Bank: Loans not given to farmers, sent recovery notices.” Following this, the police intensified their investigation, and a case was registered against one of the victims on Saturday.