PIONEER EDGE NEWS SERVICE /Dehradun
Dehradun police have arrested another accused in the urban co-operative bank fraud case involving the alleged embezzlement of crores of rupees. The accused, Ganesh Jain, was working as an IT officer and was arrested from Delhi after a police investigation on Thursday.
According to police, the case came to light after a forensic audit of the bank found serious financial irregularities between 2013 and 2016. The audit revealed that former bank manager Mahavir Singh, along with Jain and other associates, allegedly made fake entries in bank records and transferred money to personal accounts, causing a loss of crores of rupees to the bank.
During the investigation, police found that the accused had allegedly obtained a fake loan of Rs 4.80 crore from the bank using forged documents in the name of purchasing 20 JCB machines. The money was later misused and embezzled, police said.
Singh was arrested earlier on June 11 and sent to jail. Following further investigation and technical evidence, police tracked down Jain and arrested him in Delhi. At the time of his arrest, he was working as an IT officer at a bank in Delhi.
