Representative Pic
Representative Pic

Nagda (Ujjain district, Madhya Predesh): Mandi police in Nagda have expedited the investigation into misappropriation of funds pertaining to Kisan Credit Card.

After arrest of six persons including private bank officials and agents, police seized two luxury cars and Rs 5.05 lakh on Monday from those who involved in the case. Police claimed that accused purchased cars and spent huge sums to maintain their luxurious lifestyle from the amount drawn from accounts of farmers.

Mandi police station incharge Shyamchandra Sharma said arrested bank officials spent huge sum on their lifestyle, which was more than their salaries. Recently, more than 30 farmers from villages adjoining Nagda visited police station and lodged a complaint. They alleged that officials of a private bank obtained their legal documents by promising to help them secure loans with Kisan Credit Card. But none of them received the promised loan.

Officer said that farmers lodged complaint after the bank did not pay heed to their grievances. Sharma added that the embezzled amount could be more than Rs 1 crore.

During preliminary investigation, it was found that bank officials withdrew huge sums from the accounts of consumers. The police have arrested six accused in the case including the bank manager. They are Dilip Vyas, manager Vaibhav Badera, deputy manager Dinesh Rathore, cashier Sushil Kumar Meena, consumer service officer Ankit Kapoor, Yashpal Solanki. A case has been registered against them under Sections 420, 409, 467, 471, 34 of IPC.

Sources claimed that the mastermind in the case Dilip Vyas is a relative BJP rural mandal president of Banbana.

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