EOW Books Bank Officials, Suppliers For ₹10 Lakh MSME Loan Fraud In Bhopal
Bhopal (Madhya Pradesh): The Economic Offences Wing (EOW) has registered a case against bank officials, fake loan beneficiaries, and suppliers for allegedly cheating genuine loan applicants, officials said here on Friday. A complaint was received from a businessman who stated that an MSME loan of ₹10 lakh had been sanctioned in his name without his knowledge. He claimed that he neither received…
The Economic Offences Wing (EOW) of Bhopal has registered a case against several bank officials on allegations of participating in a fraud involving a ₹10 lakh MSME loan. According to the source, the accused include Rahul Bhosale, the Branch Manager, and Rajiv Rajput, a Financial Advisor, both from the M.P. Nagar branch of the bank.
The case also implicates Naima Ali and Qamar Ali, proprietors of two machinery-supplying firms. The alleged fraud involves forging documents to secure loans for individuals who did not receive the machinery or the loan amount. Instead, the funds were reportedly diverted to the bank officials and the suppliers. This incident is not an isolated case; during the investigation, three other victims were identified, all of whom were allegedly cheated through similar fraudulent practices.
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