Suspended bank manager held for ₹4 crore loan fraud

Jaipur: A team of Kaladera police on the city outskirts arrested a suspended manager of Rajasthan Marudhara Gramin Bank on Monday in connection with a loan fraud case of nearly Rs 4 crore.
The arrest came almost six months after an FIR was filed against bank officials and others in November 2022. The fraud came to light in the bank’s audit.
“It was found that government employees who had taken loans from other banks and were not entitled to personal loans were promised additional loan. Those who approached them asked for a commission of 20% on the total loan,” said Harvendra Singh, circle inspector, Kaladera police station.
Singh said the accused bank manager, Kamlesh Kumar Meena (29), without carrying out verification granted loan to 44 persons. “The loan amount was nearly Rs 4 crore in total. It was found that he connived with middlemen who were charging 20% commission,” he added.
Meena’s arrest is the first in this case, Singh said, adding, “There is an organised gang that promises people help in getting loans and charges 20%-30% commission.”