₹1.65 Crore Bank Fraud Exposed in Nagpur; Former Union Bank Manager and Staff Booked
Ganeshpeth police have filed a case involving a massive ₹1.65 crore financial fraud against former and current officials of Union Bank of India, following an internal audit and fraud monitoring report.The complaint was lodged by Sandip Motilal Kumar (40), Chief Manager of Union Bank’s Ghat Road branch in Nagpur and resident of Godrej Anandam, Ganeshpeth.
During a review of internal audit and fraud reports, irregularities were discovered covering the period from December 20, 2019, to May 23, 2022.Police allege that the then branch manager, Nandeshwar Krishnarao Manthapurkar (63), now retired, colluded with officials from the credit card and loan departments, along with other associates, to misuse credit card facilities for personal financial gain, causing significant losses to the bank.The accused include Vineet Gyaneshwar Rokde (44), Prashant Jagdish Uke (40), Dhiraj Gajanan Gajbhiye (54), Ashish Yashwant Joge (39),
Dattatray Baijnath Panchal, and Vimal Yashwant Joge. Investigations indicate that the group conspired to exploit their official positions and credit card systems to siphon off funds, resulting in a total loss of ₹1,65,17,000 to the bank.Following the complaint and inquiry, Ganeshpeth police registered cases under Sections 406 (criminal breach of trust), 409 (criminal breach of trust by a public servant), 420 (cheating), and 34 (common intention) of the Indian Penal Code. The case is being handled by Police Sub-Inspector Malhar Doiphode.The investigation into this bank fraud is ongoing.
