A former manager from the Aligarh’s Naurangabad branch of the Central Bank of India faces charges of fraud, with 30 cases registered against him.
On Friday, a local court declared Amarjeet Singh, 42, a “fugitive” as he is accused of embezzling approximately Rs 3 crore of customers’ funds. Singh, who is currently evading authorities, has become the subject of an ongoing effort to apprehend him, according to Deputy Superintendent of Police Ashok Kumar.
The legal proceedings involve attaching Singh’s properties as part of the investigative process. The case originated from a complaint filed by the bank’s regional head, Rajesh Gaira, in April of this year. Initially booked at the Quarsi police station in Aligarh under IPC sections 420 (cheating) and 409 (criminal breach of trust by a government servant), Singh and his associate, Saurabh Gupta, were accused of siphoning off Rs 30 lakh from the bank.
However, a subsequent internal bank inquiry revealed that the actual amount involved was significantly higher, estimated to be around Rs 3 crore.
Upon learning of the expanded inquiry, 30 bank customers, whose funds were allegedly misappropriated, filed police complaints. One victim, Mukesh Chaudhary, a contractor, reported not receiving transaction messages from the bank and being unaware of his financial status.
In June, after Amarjeet’s associate surrendered before the court, three more individuals were arrested in connection to the fraud case. The accused included assistant bank manager Punit Verma and two cashiers.
In addition to the ongoing police case, the economic offences wing is conducting a separate investigation, as confirmed by Rajesh Gaira on Friday.