In a major breakthrough, Dhubri Police have arrested Shivshankar Prasad Bin, an employee at the UCO Bank’s South Salmara branch, for allegedly embezzling Rs34 lakh. Bin, a resident of Dhubri, was tracked to a rented house in Saidpur Rajauli village, Vaishali district of Bihar, and arrested during a raid on April 6.
The operation, led by Sub-Inspector Mehbub Ali under the directive of Dhubri SP Nabin Singh, resulted in the recovery of Rs10 lakh in cash from Bin at the time of arrest. He was transported back to Dhubri and produced in court, where police sought his custody for further interrogation.
The fraud came to light after branch manager Chiradeep Paul received multiple complaints from customers regarding missing deposits. An internal audit revealed that around Rs8 lakh in customer deposits had not been credited, and another Rs26 lakh was missing from the bank’s reserves, totaling a Rs34 lakh loss.
Preliminary interrogation revealed that Bin had spent a large portion of the stolen funds on online betting platforms like ‘Online 55’ and ‘Aviator’, suggesting a serious gambling addiction as the motive behind the misappropriation.
SP Nabin Singh emphasized the cross-state coordination and determination that led to Bin’s arrest, stating, “The arrest of the accused from Bihar demonstrates our commitment to tackling financial crimes with utmost seriousness.”
The police investigation is ongoing, with efforts focused on recovering the remaining funds and identifying internal security lapses within the bank.
