In a major breakthrough, the Crime Investigation Department (CID) of Uttar Pradesh has arrested five former employees of the District Cooperative Bank in connection with a Rs92.63 lakh embezzlement and forgery case dating back to 2019.
The accused have been identified as:
Rajesh Kumar (40) – former clerk/cashier
Chandrashekhar Shukla (37) – former support staff
Jagdish (54) – former branch manager, Chandpur Branch
Badri Singh (61) – former acting branch manager
Kulwant Singh (47) – former bank employee
The arrests were made late Thursday night in Fatehpur and Prayagraj during a coordinated operation led by CID Inspector Shiv Kumar Sharma, with support from constables Shamim and Naseem.
According to CID findings, the accused manipulated fixed deposit (FD) records of customers, creating forged documents to illegally siphon off Rs92,63,097.50 from the bank. The fraud was first detected during an internal audit and later substantiated during the CID’s detailed probe.
Out of a total of eight individuals named in the case:
Two accused — Vijay Kumar and Ram Nazar — died during the investigation
One suspect, Buddhi Sagar, remains absconding
The arrested individuals were medically examined and presented before a magistrate for judicial proceedings. Authorities say the case highlights severe lapses in internal control at the cooperative bank and stress the need for stricter oversight mechanisms.
The investigation remains ongoing, and the CID is working to trace the full chain of fraudulent transactions and recover the embezzled funds.
