An FIR has been registered at Tajganj Police Station in Agra against 12 people, including the ICICI Bank Belanganj branch manager, over an alleged ₹50.60 lakh fraud. The complainant alleged that he was persuaded to take a gold loan to help the bank meet its target and later signed a blank cheque, which was allegedly misused to transfer money from his account without his knowledge. Police have started an investigation into the alleged misuse of the gold loan, the fund transfers, and the role of all accused persons.
An FIR has been registered at Tajganj Police Station in Agra against 12 people, including the manager of ICICI Bank’s Belanganj branch, in an alleged fraud of ₹50.60 lakh. The complainant has accused the accused persons of cheating and misusing blank cheques to transfer money from his bank account without his knowledge. The police have started an investigation into the case.
Victim Claims He Was Asked to Take a Gold Loan
According to the complaint, Kaushal Kumar Barauliya, a resident of Belanganj, said that an ICICI Bank branch has been operating from a part of his building since 2016. He alleged that in February, Branch Manager Vivek Singh told him that the bank needed to achieve its gold loan target for the 2025-26 financial year. The manager reportedly assured him that after the target was achieved, the loan could be repaid and the account would be closed.
Believing the manager, Barauliya agreed to take the loan. He pledged 445.40 grams of gold in the name of his son, Vibhor, and received a gold loan of ₹45.13 lakh.
Loan Closure Delayed
When Barauliya later requested to close the gold loan account, the manager allegedly delayed the process by claiming there was a system problem. After around three and a half months, the manager reportedly said that the loan amount first had to be shown as being used. He advised transferring the money from his son’s account to Barauliya’s account, promising that it would later be sent back.
Blank Cheque Allegedly Misused
The complaint states that on 6 June, the manager took Barauliya’s signature on a blank cheque, saying it was needed to transfer the money back to his son’s account. Later, the money was moved between Barauliya’s and his mother’s accounts.
It is alleged that the signed blank cheque was then used to transfer ₹50.60 lakh in two transactions to the bank account of Saurabh Sahani, a person Barauliya claims he does not know. The complainant said he later used his own funds to repay a loan taken from Capri Global Capital.
After repaying the loan, Barauliya went to get his pledged gold jewellery released. However, he alleged that the other parties came to know about it and, with the help of the police, stopped the release of the jewellery.
Police Investigation Underway
DCP City Sayyad Ali Abbas said that the police will collect evidence and investigate all aspects of the case. The investigation will examine the gold loan, the transfer of money to another person’s account, and the role of everyone involved.
People Named in the FIR
The FIR has been registered against Vivek Singh, Manager of ICICI Bank’s Belanganj branch; Harvind Singh, Deputy Manager; Bhagwan Singh and Brijesh Sharma of Basai Khurd; Saurabh Sahani, Pratima Sahani, and Rama Sahani of Tajnagari Phase-2; the manager of Capri Global Capital Limited; and 3–4 unidentified persons.
