The Kayakuchi Police have nabbed the UCO Bank, Barpeta branch Manager Alok Kumar in a Rs 3 crore loan scam on October 17th, 2019. Kumar is currently under police custody.
According to reports, based on a statement made by one Abdul Kader, Kumar was picked up from Barpeta in the bank fraud case. Broker Kader was arrested last week by the police in relation to the same multi-crore scam case.
It is said that both Kumar and Kader were jointly involved in the Rs 3 crore embezzlement case. Reports claimed that Kumar allegedly cheated on his bank customers by luring them of special loan schemes and approached the farmers with special benefits under the Kisan Credit Card scheme.
The scam came to the light after the customers raised a hue and cry after they could not avail the benefits of the scheme. The customers also alleged that the loan money was not even transferred into their accounts despite the approval of the bank officials. They later reported the incident to the police.
As per information available Kumar had forged the signature of the customers while filing the loan application. Several ‘objectionable’ documents have also been received from the bank.
Photo: Maidul Islam