One More Fake Bank Branch opened in Himachal Pradesh, 500 Fake Passbooks seized

Himachal Pradesh: A major fraud case has been uncovered in Hamirpur, where individuals were reportedly lured with the promise of low-interest loans at just 2% interest. Authorities discovered that permission to open the alleged bank branch was obtained from Navi Mumbai Jan Kalyan Nidhi Limited. However, questions remain about the authenticity of these documents, and investigators have found that the necessary approvals from the Himachal Pradesh government were never obtained.

Vigilance Seizes Hundreds of Fake Bank Passbooks

Within a span of just one and a half to two months, approximately 500 passbooks were printed in the name of this fake bank and distributed to people in Hamirpur and nearby districts. Vigilance officers have seized these passbooks as evidence. The person listed as the Managing Director of the branch, Krishna Chand, is accused of defrauding people by promising them loans and insurance under the name of the Himachal Small Industries Welfare Association, all supposedly at a low 2% interest rate. Two other suspects, Shikha Rana and Shivani, are also in judicial custody regarding this case. ASP Vigilance Renu Sharma confirmed that three individuals connected to this fake bank case have filed for anticipatory bail in the High Court, while investigations continue. The three arrested suspects remain in judicial custody until October 26.

Anticipatory Bail Petitions Filed in High Court

In connection with this case, three individuals reportedly employed by the fake bank have sought anticipatory bail in the High Court. Among them is a woman and two men, all of whom held various positions in the alleged branch. Their exact roles in the fraudulent operations remain under investigation.

How the Fraud Was Uncovered

The scam came to light last Saturday during a Vigilance raid at the Himachal Small Industries Welfare Association office in Hamirpur’s Housing Board Colony. During the raid, officers found evidence of significant cash and UPI transactions, implicating around 30 victims in the scam. Documents linking the alleged branch of Navi Mumbai Jan Kalyan Nidhi Limited were discovered at both the residence of accused Krishna Chand and the association’s office, raising suspicions about additional frauds potentially tied to the union and bank branch.

Further Revelations Expected as Investigation Continues

With evidence pointing to possible larger fraudulent schemes, authorities expect more shocking revelations as the investigation progresses. The case highlights the importance of verifying credentials before engaging in financial transactions, as scams disguised under credible names and appealing offers can lead to severe losses for unsuspecting individuals.