The Para Police on Sunday arrested three more individuals, including the mother and wife of key accused Shiva Rao, in connection with a multi-crore embezzlement case at the Bank of Baroda on the Shakuntala Mishra National Rehabilitation University campus.
The arrested include Shiva Rao’s mother Kara Nirmala, his wife Bhagwati Rao, and an associate, Vikas Kumar. They are accused of facilitating the laundering and concealment of illicit funds.
Police recovered Rs47,060 in cash, jewellery purchased with embezzled money, electronic devices, and a car linked to the scam.
The case was registered on January 16, 2026, following a complaint filed by Ram Singh Yadav and 24 other villagers at the Para Police Station. Complainants alleged that a bank mitra, in collusion with bank staff, siphoned money from their accounts and properties using forged documents.
Investigations revealed that Shiva Rao, who had been posted as a bank mitra since 2015, routed the embezzled funds through the accounts of his family members and associates. Suspicious transactions exceeding Rs12 crore were identified across multiple accounts.
Deputy Commissioner of Police, West Zone, Vishwajeet Srivastava, said that due to the scale and complexity of the fraud, investigators are now examining the role of other account holders and the possible involvement or negligence of bank officials.
