Archive · 25 May 2025
IDBI Bank Manager Arrested in Rs 2.8 Crore Fraud Case
A bank manager was arrested in Mumbai for a big fraud.
The police are investigating a case where bank officials gave out fake loans worth a lot of money.
The arrested manager worked in Mumbai.
Other people were also arrested.
These loans were given to farmers and other people.
The bank found something was wrong when they checked the accounts.
They saw that fake papers were used to get the loans approved.
The police are still working to find out more about this case.
IDBI bank manager arrested in connection with a Rs 2.8 crore fraud case.
The arrest brings the total number of individuals in custody to seven.
The arrested manager, Bukya Suresh, was working at the Mumbai CBD Belapur office.
The fraud involved unauthorized loans sanctioned to 305 individuals between 2015 and 2016.
Forged documents were used to process the fraudulent loans.
- Who
- Bukya Suresh, other bank officials, and 305 individuals
- What
- An IDBI bank manager was arrested in connection with a Rs 2.8 crore loan fraud.
- When
- The fraud occurred between March 2015 and September 2016; the arrest was recent.
- Where
- Mumbai and Sattupally, India
- Why
- Bank officials allegedly sanctioned unauthorized loans using forged documents.
- Arrested
- Bukya Suresh
- Role of Arrested
- IDBI Bank Manager
- Location of Arrest
- Mumbai
- Total Arrests
- 7
- Fraud Amount
- Rs 2.8 crore
- Loan Scheme
- Kisan Credit Card & Microloans
- Fraud Period
- March 2015 - September 2016