Rs.70 Lakh Loan Scam Exposed at Cooperative Bank in Bulandshahr’s Chhatari Area
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A major case of financial fraud has been uncovered in the Chhatari area of Bulandshahr district, Uttar Pradesh, where bank and committee employees misused their positions to issue fake loans worth ₹70.13 lakh. The scam took place through the District Cooperative Bank Limited, Chhatari branch, where loans were given to farmers using fake Khatauni (land ownership documents).
71 Farmers Received Fake Loans Using Forged Documents
A total of 71 farmers from Samsapur, Chaudhera, and Bikpur Ramnagar villages received loans illegally through the B-PACS Chaudhera committee. These loans were not approved through proper verification and were granted using fake documents, particularly forged Khatauni records.
Investigation Finds 11 Bank and Committee Employees Guilty
A three-member inquiry committee investigated the scam and found 11 people guilty of being involved. The people found responsible include:
- Nahar Singh, then Secretary of the committee
- Banwari Lal Sharma
- Arvind Kumar
- Shyamsundar Sharma, also known as Praveen Sharma, who worked as a statistician
The former Chairman, Mahesh Chandra Sharma, and the current Chairman, Vijendra Singh, were also found to be involved in approving the fake loans.
Verification Found Most Certificates and Khatauni to Be Fake
The scam came to light after Tehsildar of Shikarpur verified the documents. Out of 61 share certificates, only four were genuine. The valid certificates belonged to:
- Sarvesh Devi
- Pawan
- Durgesh
- Rajpal
In a separate investigation by the Assistant Consolidation Officer, only 4 out of 65 Khatauni documents were found to be genuine and actually issued from the official records. The rest were completely fake and forged.
More Bank Officials Found Guilty
Apart from committee members, several bank employees were also found to be involved in this fraud. These include:
- Ramkishan Baghel, the then Branch Manager
- Preetpal Singh
- Ranveer Singh
- Omprakash
- Amit Kumar, Desk In-Charge
All of them played a role in processing and approving the loans using fake paperwork.
