Ujjain Police Arrests UCO Bank Manager in NRI Fake Account Fraud; Mastermind Still Absconding
The police have arrested a former bank manager from Ujjain who was on the run in a case related to a fake bank account scam. The scam involved withdrawing money from a closed company owned by a woman who lives abroad (an NRI). After his arrest, the manager was brought to court and has been sent on police remand for further investigation.
According to City Police Station in-charge Baljeet Singh Bisen, the arrested person is RK Jha, who was working as the branch manager of UCO Bank in Sendhwa at the time of the crime. He had a reward of ₹2,000 on his head and was finally caught in Ujjain. Police are now questioning him to find out more about the case and to track down the other accused.
Who Are the Other Accused?
The main person behind the scam is a businessman named Anant Tayal, a resident of Sendhwa. Along with him, his wife Namita Tayal and their accountant Rehman are also involved. All three are still absconding. A complaint about this fraud was originally filed at Kotwali Police Station in Khargone by the NRI woman whose firm’s name was used to create the fake account.
What Was the Fraud About?
During the investigation, police found that the accused – Anant, Namita, Rehman, and the bank manager RK Jha – opened a fake bank account in the name of the NRI woman. Using this account, they withdrew money illegally from her closed company. This fake account was created in UCO Bank’s Sendhwa branch.
Based on the findings, a case was filed under several sections of the Indian Penal Code, including:
- Section 419: Cheating by impersonation
- Section 420: Cheating and dishonestly inducing delivery of property
- Section 467: Forgery of valuable security
- Section 468: Forgery for cheating
- Section 471: Using a forged document as genuine
- Section 120: Criminal conspiracy
Ongoing Search and Action on Property
The police had formed a special team to search for the accused and even raided multiple locations, but the others managed to escape. Due to their continued absence, the Superintendent of Police (SP) had announced a reward of ₹2,000 each for information leading to their arrest.
While one of them (the bank manager) has now been arrested, the search for the remaining three continues. Meanwhile, the police have gathered information about the movable (like vehicles, cash, etc.) and immovable (like houses, land) properties owned by the absconding accused. The legal process to attach their properties has started and will be completed soon through the court.
