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PNB Bank Retired Manager arrested for doing wrong Loans while in Job


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In Dhampur, Bijnor, the police have arrested Ramavatar Prasad, a retired branch manager of Dhampur Sugar Mill Punjab National Bank branch. He has been accused of embezzling Rs 27 lakh through fake documents in the names of nine individuals.

Ramavatar Prasad is alleged to have embezzled Rs 27 lakh during his tenure as the branch manager in Dhampur. He is accused of creating fraudulent documents in the names of nine local residents. The embezzlement came to light when the current branch manager, Manju Sagar, reviewed the loan section records. The individuals in whose names the loans were taken were issued notices to repay the loans. However, they claimed that the loans were fake and refused to make the payments.

Upon receiving the complaints, the concerned authorities conducted an investigation and prepared a report. The investigation revealed that the embezzlement was carried out by taking fake loans of Rs 3 lakh each in the names of the nine individuals involved. Ramavatar Prasad, the retired branch manager, denies any knowledge of the embezzlement, stating that he retired in 2017 and is unaware of how and when it occurred. He currently resides in Moradabad’s Buddhist Vihar Colony with his family. The police have arrested Ramavatar Prasad, the accused retired branch manager, and have issued a challan in connection with the case.

One Comment

  1. In case of forged signature and proved embezzelment, in Banking industry or in any other organisation also there is no excused at all.
    Because the organisation who pays to the employee for him and his family and such employee who has malafied intention and stab in the back of organisation, must not be excused.

    But here question arises that why not such embezzling cases do not come into the light of Audit.

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