MP: EOW Conducts Raid At Ujjain's Former Bank Official; Uncovers Illegal Assets Worth ₹6 Crore

Ujjain (Madhya Pradesh): The Economic Offenses Wing (EOW) in Ujjain has conducted a major raid at the residence and other properties of a former Assistant Manager at District Cooperative Central Bank, Anil Suhane, on Saturday.

The raid uncovered assets worth over ₹6 crore exposing massive discrepancies in his declared income. Also, he owns a luxurious three-story building in the Ujjain’s posh area, Basant Vihar Colony.

Other assets include: 

A newly constructed four-story commercial building on the Ujjain-Indore Main Road, covering 2400 sq. ft. A 2300 sq. ft. prime plot in Kshipra Vihar, Ujjain. Two plots of 650 sq. ft. each in Vinay Nagar. Two shops, each 600 sq. ft., in the heart of the city at Dawa Bazar. Over ₹9 lakh in cash. Gold and silver jewelry worth several lakhs. Three four-wheelers and three two-wheelers. Three unopened bank lockers. 

At present, his multiple bank accounts are under investigation for deposits.

A has also been registered against Anil Suhane under Sections 13 (1) (b) and 13 (2) of the Prevention of Corruption Act, 1988 (as amended in 2018).

Started career with ₹3k salary

According to information, Anil Suhane is originally from Panna district. He began his career in 1991 as a Sub-Engineer at the District Cooperative Bank, Ujjain, earning a monthly salary of ₹3,000. 

He retired on December 31, 2024, as an Assistant Manager, receiving a total salary of ₹70 lakh throughout his career. However, the assets uncovered during the raid exceeded his known income.

The EOW suspects that Suhane accumulated this wealth through irregularities and corruption in distributing funds under government agricultural loan schemes.

The raid, led by Deputy Superintendent of Police Sandeep Nigwal and a 30-member EOW team, is still underway. Authorities believe more undisclosed assets may surface during the probe.