Nagpur: The Ganeshpeth police have registered a case of large-scale financial fraud involving ₹1.65 crore against former and serving officials of Union Bank of India following the findings of an internal audit and fraud monitoring report.
The complaint was lodged by Sandip Motilal Kumar (40), a resident of Godrej Anandam, Ganeshpeth, who is currently serving as the Chief Manager at Union Bank of India’s Ghat Road branch in Nagpur. While scrutinising the bank’s internal audit and fraud monitoring reports, irregularities were detected during the period between December 20, 2019 and May 23, 2022.
According to the police, the then branch manager of Union Bank, Nandeshwar Krishnarao Manthapurkar (63), presently retired, allegedly conspired with officials working in the credit card and loan department and other associates to fraudulently misuse credit card facilities for personal financial gain, thereby causing substantial 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 have revealed that the accused acted in collusion, misusing official positions and credit card mechanisms to siphon off funds, resulting in a total financial loss of ₹1,65,17,000 to the bank.
Based on the complaint and subsequent inquiry, Ganeshpeth police have registered an offence under Sections 406 (criminal breach of trust), 409 (criminal breach of trust by public servant), 420 (cheating) and 34 (common intention) of the Indian Penal Code. The case has been registered by Police Sub-Inspector Malhar Doiphode.
Further investigation into the bank fraud case is currently underway.
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