Former Bank Correspondent Caught in Rs 27 Lakh Fraud
Odisha Police in Jajpur district have arrested Prakash Rana, a former banking correspondent, for allegedly embezzling approximately Rs 27 lakh from depositors. He reportedly created fake receipts and withdrew funds under false pretenses. The discrepancies were discovered leading to multiple complaints and his subsequent arrest.
- Country:
- India
In a startling case of financial misconduct, the Odisha Police in Jajpur district have apprehended Prakash Rana, previously a banking correspondent, after he allegedly embezzled around Rs 27 lakh from depositors of a nationalised bank.
Rana, who operated in Dharmasala, misused his position to collect funds from customers, promising deposits that were never made. Instead, he issued them falsified receipts. Further investigations revealed that he withdrew money from customer accounts using signed blank forms and Aadhaar card photocopies, purportedly for KYC updates and other services.
The fraudulent activities came to light last October when a depositor discovered an alarming Rs 6 lakh discrepancy in his account. Further scrutiny unveiled irregularities amounting to an additional Rs 21 lakh affecting nine accounts, leading to his arrest and termination from his role.
(With inputs from agencies.)
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