Rs.10 crore fraud: Central Bank Manager Missing since Two Years, Police preparing Chargesheet

Two years after a major embezzlement scandal at the Central Bank of India branch in Naurangabad, Aligarh, the police have yet to find the then branch manager, Amarjeet, who is wanted for his involvement in the crime. Amarjeet, who had a reward of Rs 20,000 on his head, is accused of being involved in the embezzlement of approximately Rs 10 crore across 31 cases. Of these, 15 cases are being investigated by the Economic Offenses Wing (EOW), while the district police are handling the remaining 16. Now, the police are preparing to file a charge sheet against Amarjeet for absconding

The embezzlement came to light in April 2023 when a man named Saurabh Gupta, claiming to be an employee of the bank, disappeared after posting on Facebook that his life was in danger. When people went to the bank to check on the situation, they found that the branch manager, Amarjeet, had also vanished. Investigations later revealed that Amarjeet and his accomplices used the money from customers with large transactions and fixed deposits for their personal use, issuing fake receipts to cover up their actions.

Several employees, including Saurabh Gupta, were arrested and sent to jail, but the branch manager remained elusive. In response, the police and EOW recently posted attachment notices for the accused. According to Pramod Saroha, Additional Inspector at Quarsi Police Station, the investigation was delayed due to difficulties in obtaining records from the bank. However, preparations are now underway to complete the charge sheet against Amarjeet for fleeing the scene

Additionally, the process of transferring all the cases to the EOW is also set to begin. The EOW will oversee efforts to recover the embezzled money and return it to the affected customers. So far, the bank has refunded Rs 2.92 crore to 48 customers, but around 30 others are still waiting to receive their money back.