Rs 4 crore fraud in Bank of India, 14 ATM cards recovered

The police of Satraksh Thana in Jaidepur area have arrested Syed Atahar Hussain, a resident of Lucknow, in connection with a multi-million rupee scam at the Bank of India branch in Barauli. According to the police, Atahar is a chemical engineer. Approximately INR 4 crores were fraudulently transferred to his account from the bank. During the arrest, 14 ATM cards, several mobile phones, and various documents, including INR 18,660, were recovered from him. In this case, several individuals, including the bank manager, were already in jail.

The Bank of India branch in Barauli Malik village of Jaidepur Thana region had opened multiple accounts in the names of others and withdrew millions of rupees as loans. When the people whose names were used received notices of foreclosure, a sensation erupted. On September 17, Amar Ujala published an article titled “Bank Scam: Loans not given to farmers, sent foreclosure notices” exposing the scam.

During the investigation, it was revealed that the bank manager himself, along with accomplices, embezzled millions. Subsequently, Jaidepur Police had arrested Bank Manager Aman Verma, Assistant Manager Shailendra Pratap, and Mastermind Suresh Madhu Ravat, sending them to jail. The victims of this scam were spread across the entire district, leading to cases being filed in Jaidepur, Satraksh, Loni Katara, and Haidargarh.

Satraksh Thana’s SHO, Amar Kumar Chaurasia, explained that one victim of this scam, Pawan Kumar from Saray Budhedi village in the Satraksh Thana region, had also filed seven cases, stating that he had been a victim of the bank manager’s fraudulent activities. During the investigation, it was found that approximately INR 4 crores from the bank scam were sent to the account of Syed Atahar Hussain in the Gudamba Thana region of Lucknow district. With the disclosure of his name during the investigation, Syed Atahar Hussain was arrested. The police are preparing to charge him as a mastermind in this scam.

The accused was found in possession of expensive items, including iPhones and Samsung phones worth more than two and a half lakhs. He also had watches and bracelets worth lakhs. Satraksh Thana SHO Amar Kumar Chaurasia mentioned that Atahar is also involved in cryptocurrency and plotting businesses.