Former SBI Bank Manager Arrested for Rs.92 Lakh Fraud After 2 Years on the Run

Former manager working in State Bank of India (SBI) has been arrested for Rs.92 Lakh Fraud. He was on the run for 2 years and has been finally arrested. The Ghad Police Station in Tonk district, Rajasthan, has arrested him and he is accused of embezzling over ₹92 lakh during his time as manager of the Bharni branch.

The arrested person has been identified as Pushpendra Togda, aged 34. He is the son of Mittulal Jat and originally belongs to Madhoganj police station area in Mehandwas. At the time of arrest, he was living in Plot No. 5, Captain Colony, Jaipur Road, Tonk, under Purani Tonk Police Station limits.

According to Hariram Verma, the officer-in-charge of Ghad Police Station, Pushpendra Togda worked as a bank manager at SBI’s Bharni branch. During his tenure:

• He allegedly forged the signatures of account holders.
• Using these fake signatures, he illegally transferred money from customers’ bank accounts (including joint or group accounts) into his personal account.
• This fraudulent activity remained undetected for some time.

How Fraud was detected?

The scam came to light when a new manager took charge of the branch. An internal bank audit was conducted, which uncovered the financial irregularities.

The audit report showed that ₹92,53,567 had been transferred from the accounts of hundreds of customers to the accused’s personal bank account. Following this discovery, the new bank manager filed a police complaint against Pushpendra Togda at the Ghad Police Station two years ago.

After remaining on the run for nearly two years, Pushpendra Togda was finally tracked down and arrested by the Ghad police team. He is now in police custody and will face legal proceedings for the crime of forgery and criminal breach of trust.

• Also Read: Telangana CID Arrests IDBI Bank Manager in Mumbai in Rs 2.86 Crore Loan Fraud Case
• Also Read: PNB Officers Booked for Rs.95 Lakh KCC Loan Scam in Morena, Madhya Pradesh