DIMAPUR, APRIL 12 (MExN): An employee of one of India’s leading nationalised banks has been arrested by the Nagaland Police in connection to a loan fraud. The accused, identified by the police as Pallab Nag (40 years), was arrested in Dimapur on April 7.
He was serving as the manager of the Bank of Maharashtra’s Port Blair branch at the time of the arrest by a Special Investigation Team of the Nagaland Police. He was earlier posted in the Dimapur branch of the same bank.
According to a police press release, he was linked to a “forgery, fraud and cheating” case registered at East Police Station, Dimapur this year.
As per the allegation, he, along with other “co-accused persons,” had sanctioned “unsecured loans to the customers against schemes such as Standup India, PMEGP, MSME, MDURA, etc” amounting to Rs 1,85,32,000 when he was posted in Dimapur. “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 (sic) through misrepresentation, forgery, thereby defrauding the bank and causing breach of trust and cheating the victims,” the release said.
It further informed that public and bank customers to report similar instances, if any, to Phone No. 6009308037 or Email them to statecrimeps-ngl@gov.in. “If required, the identity of the informant/complainant will be kept secret,” it added.
