Former manager of gramin bank siphons off over Rs 4 crore from Jaipur branches

JAIPUR: The Jaipur police filed an FIR in a multi-crore fraud after the Rajasthan Marudhara Gramin Bank (RMGB) alleged that one of its former branch managers siphoned off over Rs 4 crore through fraudulent loans given to various people on forged documents.
According to Jhotwara ACP Pramod Kumar Swami, RMGB officials filed an FIR at the Murlipura police station on Friday. The FIR says the bank detected a fraud to the tune of Rs 4 crore after their branch manager, posted at the Murlipura office between September 2021 and July 2022, conspired with others to forge documents to grant loans to 54 people.
The bank alleged that the manager issued loans to people he knew were not qualified for the same. According to police, the bank detected these irregularities when it recently conducted a detailed probe into the matter.
When the bank officials examined the records of people who received loans, they found that most of the Aadhaar cards of applicants were forged. Most of them did not live in addresses they had given while taking loans. The bank also found other violations of rules and loan norms by the manager while approving and granting loans.
Bank officials alleged that the former manager was in cahoots and conspired with others to profit themselves while causing a loss to the bank, police said. The bank has also alleged that they suspect the same manager to have carried out similar irregularities during his tenure at its Bhankrota branch.
The bank shared its report with the police. "As per information, the bank had put the manager under suspension," said Murlipura SHO Hawa Singh.