Bank Fraud

Fraud Case filed against PNB Zonal Manager and Chief Manager in Etawah


➡️ Click here to join our Whatsapp Group

Mainpuri: In a stunning turn of events, a case of fraud has been registered against the Chief Manager Mainpuri, Etawah, and Zonal Manager of Punjab National Bank. The case revolves around the auction of a building that was falsely advertised instead of the actual mortgaged property. The victim, a CA resident of Haridarshan Nagar, took the matter to the SP, leading to a thorough investigation and subsequent police involvement.

The Auction Scam:

The Club House branch of Punjab National Bank placed an advertisement in a newspaper, announcing an auction for a residential building in Agra Bypass Road Transport Nagar. The auction date was set for October 28, 2022. CA Rajiv Kamal Mishra, residing in Haridarshan Nagar of Kotwali area, participated in the auction, successfully purchasing the residential house for a whopping Rs 34.86 lakh. The full payment was made to the bank on October 29, 2022, and a sale certificate was issued on November 1, 2022.

The Deceptive Revelation:

Trouble started when CA Mishra requested the bank to register the property’s records. To his dismay, the bank began procrastinating and eventually revealed that the building mentioned in the sale certificate was not actually mortgaged with them. It became evident that the bank had misled Mishra and cheated him out of Rs 34.86 lakh by providing false information about the property.

Legal Battle Ensues:

Determined to seek justice, a case was filed between the building owner and Punjab National Bank in the Debt Recovery Tribunal, Allahabad. On January 23, 2024, the tribunal acknowledged that the notice issued under the SARFAESI Act was incorrect. Consequently, the entire SARFAESI Act action was deemed invalid, resulting in the cancellation of the entire auction process.

Demand for Accountability:

Frustrated and aggrieved, CA Mishra approached SP Vinod Kumar, submitting an application demanding the registration of a case against Rahul Dixit, the Chief Manager of Punjab National Bank Club House Branch, Zonal Manager Jan Mohammad, and Shankar Kumar, the Chief Manager of Punjab National Bank Circle Office Etawah. Mishra accused them of deliberate fraud and depositing money based on false facts.

Long-awaited Resolution:

After enduring a year and five months of financial turmoil caused by the bank’s embezzlement, Mishra finally received the principal amount of the auction on March 22, 2024, following significant harassment. Shockingly, the bank did not even provide any interest on the wrongfully held funds. In response to CA Mishra’s complaint, the Kotwali police, acting on the orders of the SP, registered a case and commenced a thorough investigation into the matter. The victims of this fraudulent auction are now hopeful that justice will prevail and those responsible will face the consequences of their actions.

Leave a Reply

Your email address will not be published. Required fields are marked *