Case Filed against PNB Manager for selling property illegally

A major fraud case has come to light in Jhansa village of Kurukshetra district, where a former branch manager of Punjab National Bank (PNB) allegedly cheated the bank of ₹55.65 lakh with the help of his wife and another woman buyer. After receiving a complaint, the police have registered a case against the former bank manager and his wife.

How the Fraud Happened

According to the complaint filed by Praveen Kochar, Manager of PNB’s Lukhi branch, the accused Neeraj Kumar, a resident of Karnal, worked as the branch manager at the same branch about two years ago. During his tenure, Neeraj and his wife Sarita took a housing loan of ₹55.65 lakh, which was sanctioned on August 2, 2023.

With the loan amount, the couple purchased a plot in Mangalpur village of Karnal district. The property documents were submitted to the bank as a mortgage. However, Neeraj and Sarita did not record the mortgage details in the revenue records, which is mandatory. This omission was part of their plan to commit fraud.

Property Sold Illegally

Later, Sarita transferred her share of the property to her husband Neeraj through a transfer deed. After that, Neeraj illegally sold the entire mortgaged property to Meena Rani, a resident of Nissing, Karnal, on February 21, 2025. This illegal sale caused a loss of around ₹51 lakh to the bank, in addition to the accumulating interest.

Based on the complaint, a case has been registered at Jhansa Police Station against Neeraj Kumar and his wife Sarita. The police have started an investigation into the matter.