A businessman in Lucknow has filed a case of fraud against the manager of Yash Bank’s Indiranagar Munshi Pulia branch, Rajiv Gupta, and other bank employees. The complaint alleges that documents belonging to the KTL bike showroom were misused by the bank employees in a conspiracy to open a fraudulent account, which was later used for unauthorized financial transactions. The businessman raised the issue with JCP LO, after which the case was officially registered.
Manish Agarwal, the complainant and a resident of Gokhale Marg in Hazratganj, is the director of KTL bike showroom. According to his statement to the police, in December 2023, he submitted crucial documents, including his PAN card, Aadhaar card, ITR, and other relevant papers, to the branch manager Rajiv Gupta. These documents were meant for securing inventory funding for his business.
However, on December 31, a savings account was opened in his name without his knowledge or consent. This account was then used for fraudulent money transactions. Manish further claimed that, apart from unauthorized transactions, multiple loans were also issued in his name using this account, all of which occurred without his permission.
The fraudulent account came to Manish’s attention only while he was filing his taxes for the financial year 2023-2024. During the process, details about the account surfaced on the Income Tax portal, revealing the extent of the unauthorized activities linked to it.
Inspector Sunil Kumar Tiwari of Indiranagar Police Station confirmed that a case has been filed against the accused individuals, including Rajiv Gupta, Rajan, Sanchita Srivastava, Shobhit Srivastava, and Rishabh Saxena. The police have started an investigation, and further legal action will be taken based on the evidence gathered during the inquiry.
This incident highlights the potential risks of document misuse and emphasizes the need for stricter monitoring and accountability within financial institutions to prevent such frauds.
