Sultanpur Bank Fraud: Baroda UP Bank Manager Accused of Cheating Customer in PMFME Loan Case
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A serious case of bank fraud has been reported in Sultanpur, Uttar Pradesh, involving a branch manager of Baroda UP Bank. The manager, Ashish Kumar Kachhare, who is in charge of the bank’s Jamoli branch, has been accused of cheating a customer and misusing the funds meant for a government-backed scheme.
A local businessman, Shivprakash Tiwari, had applied for a business loan under the PMFME scheme (Prime Minister Formalisation of Micro Food Processing Enterprises Scheme). He intended to use the funds to support his venture, Tiwari Milk Bar.
According to Tiwari, the bank approved a term loan of ₹8.73 lakh on March 26, 2025. As required, he also deposited a margin money of ₹1 lakh from his personal bank account (Account No. 2952) into the bank.
However, instead of transferring the loan to Tiwari’s account, the bank manager transferred ₹9.70 lakh—the total amount including the margin—to the bank account of Shri Enterprises, a completely different entity. This raised serious doubts and led Tiwari to take legal action.
On May 7, 2025, Tiwari sent a legal notice to the bank manager, Ashish Kumar Kachhare, questioning the unauthorized transfer of funds. Shortly after this, Tiwari began receiving threatening phone calls from unidentified people—allegedly arranged by the bank manager to intimidate him.
Things escalated on May 16, when the manager personally went to Tiwari’s house and pressured him to “settle” the matter. The next day, he returned again, this time with five to six unknown people, and reportedly misbehaved and threatened Tiwari for not agreeing to drop the case.
In his defense, the bank manager has claimed that he possesses signed documents and cheques from Tiwari, suggesting that the transaction was done with consent. However, Tiwari denies this and continues to allege fraud and coercion.
Initially, Tiwari filed a complaint at the Kurebhar police station, but no action was taken. After being ignored, he approached higher authorities. Following his plea, Superintendent of Police (SP) Kunwar Anupam Singh ordered a formal investigation.
As a result, the Cyber Crime Police have now officially registered a case and started looking into the matter.
More details will be released soon.
