Bank Manager who hails from Silchar arrested in Port Blair for loan fraud in Dimapur

April 12: A Special Investigation Team (SIT) constituted by the Nagaland Police has arrested a Bank Manager of Bank of Maharashtra, Port Blair Branch in connection with forgery. The person arrested in connection with the forgery was identified as one Pallab Nag (40 years), S/O. Prabir Nag, P.S. Silchar Sadar, District- Cachar, Assam, in connection with East Police Station, Dimapur.

The case had been registered in East Dimapur Police Station under No. 16/2022 U/S 423/406/ 420/418 IPC. The case pertains to commission of forgery, fraud and cheating to the tune of Rs. 1,85,32,000 when the accused was posted earlier at Bank of Maharashtra, Dimapur Branch, Nagaland.

Nagaland Police arrests Bank Manager, Bank of Maharashtra, Port Blair in case of fraud.

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— NagalandPolice (@DGP_Nagaland) April 12, 2022

The accused person while being posted as Branch Manager, Bank of Maharastra, Dimapur Branch along with other co-accused persons had sanctioned unsecured loans to the customers against schemes such as Standup India, PMEGP, MSME, MDURA, etc. The sanctioned amount granted for purchase of vehicles and machinery were then siphoned off and misappropriated by the accused resulting in wrongful gain to themselves through misrepresentation, forgery, thereby defrauding the bank and causing breach of trust and cheating the victims.

This was stated in a press release issued by Nagaland Police on Tuesday. Further, through this Press Release, Nagaland Police informed the public and bank customers to report similar instances, if any, to Phone No. 6009308037 or Email them to statecrimeps-ngl@gov.in.