CBI Registers Fraud Case Against Bank of Baroda Branch Head in Moradabad Uttar Pradesh

The Central Bureau of Investigation (CBI) has filed a case on 24th June 2025 against a former Branch Head of Bank of Baroda, along with some unknown public and private individuals. This action was taken after receiving confidential information about suspected fraud.

The officer in question worked as:

• Branch Head at Maswasi Town Branch (04 October 2021 to 15 October 2023)
• Branch Head at Rahmatganj Branch (16 October 2023 to 6 February 2024)

Both of these branches are located in Moradabad, Uttar Pradesh. The officer is accused of committing serious financial misconduct while working at these two branches.

Fraud Allegations against Bank Officer

1. Breaking Security Rules:
   • He did not follow the bank’s rule of dual key custody—a security rule that says two people must have access to the branch keys.
2. Opening Fake Accounts:
   • He allegedly opened many accounts without any formal application or documents.
   • Many of these accounts later became Non-Performing Assets (NPAs), meaning the money was not returned to the bank.
3. Increasing Loan Limits Illegally:
   • He increased loan limits in many accounts without customer request or approval.
   • These changes were made in the bank’s system without any proper documents like loan applications, approval notes, or security papers.
   • After using the increased loan amount, he would sometimes reduce the limit back, which shows the changes were only made to misuse funds.
4. Transferring Money to Personal Accounts:
   • He is accused of taking money out from customer accounts without permission, even when the required instruments (like cheques) were with the account holder.
   • The money was then sent to his own account and to his wife’s account.
5. Suspicious Transactions:
   • Around ₹305.59 lakh was credited into his account.
     • Out of this, ₹305.08 lakh was moved to other accounts or withdrawn in cash, which did not match his known income.
   • His wife’s account received ₹491.62 lakh, also from various unknown sources.
     • This money was also transferred or withdrawn, which raised further suspicion.

CBI Searches

The CBI conducted searches at his houses in Meerut (Uttar Pradesh) and Bharuch (Gujarat). They found important documents that could prove the fraud.

The investigation is still going on, and further action will be taken based on the evidence collected.

More details will be released soon.