In Mahoba district, a case of fraud amounting to millions of rupees has been exposed at the Indian Bank branch in the town of Kabrai. The former branch manager transferred funds from customer accounts to other accounts. The current branch manager has filed a case against the former manager for fraud and various other charges involving a total embezzlement of ₹1.72 crore.
Prashant Maurya, the manager of the Indian Bank branch in Kabrai, reported to the police that on June 14, an alert was received from the corporate office about misuse and embezzlement of funds at the Kabrai branch. Initial investigations revealed that the former branch manager, Amit Kumar Nigam, had opened loan accounts without the customers’ consent. Accounts were opened in the names of Kanti, Sushila Sahu, and Mangliprasad. Additionally, ₹1,11,87,000 from 29 customer accounts was transferred to other accounts.
Furthermore, the former branch manager deposited ₹57 lakh into his HDFC and SBI accounts through seven transactions. This money was transferred without preparing vouchers. Upon uncovering the ₹1.72 crore embezzlement, the current manager lodged a complaint at Kabrai police station. Based on this complaint, the police have filed a case against the former manager, Amit Kumar Nigam, under charges of fraud and other relevant sections. Station Officer Nagendra Kumar Nagar stated that a report has been registered based on the complaint, and an investigation is underway.
