Archive · 19 Jan 2026
Key Accused in Rs 21-Crore UP Bank Scam Arrested
The police in Uttar Pradesh have arrested the main person involved in a big money scam worth Rs 21.47 crore in a cooperative bank.
The accused, Pawan Kumar Pal, was the former branch manager of the bank.
He and some other people formed a group to give out loans in a wrong way, which led to a lot of money being stolen.
The scam happened between December 2021 and June 2025.
The police found out about the scam during a special check of the bank's records.
Pal was caught at a bus stop and sent to jail.
The police are still looking for the other people involved in the scam.
Pawan Kumar Pal, the former branch manager of Uttar Pradesh Cooperative Bank, was arrested for his role in a Rs 21.47 crore scam.
The scam involved irregularly disbursing loans and misappropriating funds between December 2021 and June 2025.
Pal allegedly formed a syndicate with some employees and account holders to carry out the fraud.
The fraud was discovered during a special audit and an internal inquiry by the bank.
Pal was arrested from the Mankapur bus stop and produced before a court, which sent him to jail.
- Who
- Pawan Kumar Pal, former branch manager of Uttar Pradesh Cooperative Bank
- What
- Arrest for a Rs 21.47 crore bank scam
- When
- Arrested on January 18, 2023; FIR lodged on January 13, 2023
- Where
- Arrested in Gonda district, Uttar Pradesh; scam occurred in the Uttar Pradesh Cooperative Bank
- Why
- For allegedly misappropriating funds and disbursing loans irregularly, ignoring RBI guidelines and bank policies
- Name
- Pawan Kumar Pal
- Bank
- Uttar Pradesh Cooperative Bank
- Fraud Amount
- Rs 21.47 crore
- Arrest Location
- Mankapur bus stop, Gonda, Uttar Pradesh
- FIR Lodged Date
- January 13, 2023
- Fraud Period
- December 2021 to June 2025
- Accused Position
- Former Branch Manager
- Arrest Date
- January 18, 2023
