Bank fraud: UP man held for running fake branch of Bank

Amid the country is grappling with the bank crisis due to scams and loan default, a new kind of fraud has been busted in Uttar Pradesh’s Ballia district.

In a unique way of embezzling, A man named Aafaq Ahmed from Baduan, who was working by the name Vinod Kumar Kambali, opened a fake branch of the Karnataka Bank in Mulayam Nagar of Fefna area in Ballia district of Uttar Pradesh. He was arrested by the police on Wednesday.

Ahmed had a fake Aadhaar and other identities in the same name. According to his id, he was from Mumbai West.

According to the police, Ahmed collected a sum of Rs 1.37 lakh by opening 15 saving accounts and fixed deposits of the local. The police confiscated a huge stash of stationery including forms, pass books, three computers, laptop, furniture and other articles.

The police conducted raids on the Ballia branch after the additional general manager of the branch in filed a complaint with the police. CO City Hitendra Krishna BBH Upadhyaya , who is additional general manager (AGM) of the Bank of Karnataka in Delhi along with his subordinates from the Varansi office, reached Ballia in the afternoon and informed the cops about the operation of a fake branch of this bank here.

Following this, along with the bank officials and a heavy officials Krishna visited the ‘fake bank’. The bank was being run from the house of an ex-army man which was rented for Rs 32,000 per month.