Gorakhpur, Uttar Pradesh: Police have uncovered a major fraud at an IndusInd Bank Bank branch in Gola. Former bank employees faked death certificates of living clients to steal loans worth ₹6.44 lakh. The accused fraudulently declared 19 active clients as "deceased" to process false death claims.
Authorities have arrested nine people in this case so far. Five recent arrests include Abhay Tiwari, Ashutosh Dubey, Sanjay Giri, Jay Kumar, and Waris Ansari. Ten suspects remain at large and are still absconding, including former branch manager Brijesh Kumar Saroj. Police are searching for the remaining suspects and expect to make arrests soon.
The fraudsters used to target women's self-help groups that were receiving micro-loans. Employees created forged documents and approved them internally. They illegally withdrew money marked as death benefit payments from client accounts.
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Police have registered the case under IPC Sections 409 (criminal breach of trust), 467 (forgery), and 120B (criminal conspiracy). Investigations revealed the accused managed the entire operation - from creating and verifying to ultimately withdrawing the fraudulent claims.
Among the victims are Vinay Kumar (₹1.19 lakh stolen) and Sanjay Giri/Jay Kumar (₹1.54 lakh stolen). This case has exposed significant loopholes in rural banking verification systems.
Gola Police Station teams are conducting ongoing raids to apprehend the remaining suspects. Bank authorities are fully cooperating with investigators. Police officials expect to arrest all accused persons soon.
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This incident highlights the urgent need for stricter audits in rural banking operations. Police have confirmed this was an organized fraud executed with the help of an insider involving multiple bank staff members.
