State Bank of India Manager arrested for Rs.80 lakh fraud

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State Bank of India: A bank manager from the State Bank of India (SBI) has been booked by the police for embezzling Rs 80 lakh through fraudulent loans issued on fake documents. The manager, identified as Joginder Singh, along with an accomplice, committed the fraud while he was in charge of the SBI branch in Gangoli village, Jind district, Haryana, during the period of 2020-21.

Following the discovery of the fraud, higher officials suspended Joginder Singh and launched an internal investigation. Ajay Ranga, the current branch manager of Gangoli village, approached the Jind superintendent of police (SP) after the Pillu Khera police repeatedly refused to file an FIR (First Information Report).

The accused manipulated public funds by creating counterfeit documents, such as voter cards, and making alterations to Aadhaar cards, PAN cards, and other identity cards. They also opened 50 fictitious savings bank accounts at the branch. Using the stolen identities, the accused fraudulently obtained loans under the guise of Pashudhan credit cards.

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Upon uncovering the fraudulent activities, the higher officials initiated a suspension, and subsequent forensic investigations conducted by a bank’s expert team confirmed the forgery. It was revealed that the accused manager, along with an accomplice named Dinesh Kumar from Karira village in Mahendergarh district, used local residents’ identities to create colored copies that were treated as genuine during loan processing and account opening.

Once the loans were approved using fake sanctions, the accused withdrew the funds from the fraudulent bank accounts through ATMs and other means. An FIR has been lodged against both accused individuals under sections 420, 467, 468, and 471, and the police have launched a probe into the matter. However, no arrests have been made at this point.

The FIR emphasizes the need for strong action against the accused individuals. The investigation will continue as authorities work towards holding the responsible parties accountable for their actions.

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