Archive · 17 Nov 2025
Bank Manager, Two Others Attempted Rs 55 Lakh Fraud
A scrap trader wanted to buy metal from a company in Dubai.
He was given a contact by another person.
The contact asked for a special bank paper worth about 55 lakh rupees.
But when the trader went to Dubai, he found no company or person there.
He told the bank not to send the money, but the bank manager tried to send it anyway.
Now, the bank manager and two other people are in trouble with the police for trying to let this happen.
Police in Bhadohi, Uttar Pradesh, have booked a bank branch manager and two others for attempting to release Rs 55.74 lakh.
The alleged fraud involved using forged documents for the import of aluminium scrap from a purported Dubai-based firm.
Scrap trader Sikandar was to import scrap from a Dubai company after being given an agent's contact by Harshit Parekhar.
Sikandar discovered the company and agent were fraudulent after visiting Dubai and finding no trace of them.
An FIR has been filed against the alleged agent Javed, Parekhar, unidentified owners of the purported company, and the bank manager, with an investigation ongoing.
- Who
- A bank branch manager, a scrap trader named Sikandar, and Harshit Parekhar (owner of an export firm), along with unidentified associates of a purported Dubai-based company.
- What
- They were booked for attempting to release over Rs 55 lakh using forged documents for a scrap import deal.
- When
- The incident involved actions around late October and early November, with an FIR filed subsequently.
- Where
- Bhadohi, Uttar Pradesh.
- Why
- The individuals allegedly attempted to defraud the bank and the scrap trader by using forged documents and a fake company to release funds.
Bank's Stance
Trader's Stance
Document Verification
Bank's Stance
The bank claimed to have received a document from the purported company.
Trader's Stance
The trader alleged that the bank staff had earlier flagged the document as suspicious.
- Amount of Fraud Attempt
- Rs 55.74 lakh
- Alleged Modus Operandi
- Attempt to release funds on forged documents for importing scrap
- Involved Parties
- Scrap trader Sikandar, Javed (alleged agent), Harshit Parekhar (export firm owner), Bank Branch Manager, alleged foreign firm owners
- Bank Involved
- ICICI Bank, Main Road branch
- Location of Incident
- Bhadohi, Uttar Pradesh