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Ex-Bank Manager Arrested for ₹6 Crore Fraud in Jharkhand

  • Rupesh 
  • Jharkhand
1 min read
Ex-Bank Manager Arrested for ₹6 Crore Fraud in JharkhandSaralnama

Police arrested Manoj Kumar Singh, 33, former manager of Jharkhand State Gramin Bank's Dangwar branch in Hussainabad, Palamu. He allegedly embezzled over ₹6 crore by opening fake accounts and withdrawing customers' money. Singh illegally approved loans for 11 women's account groups without consent. He also misused Special Term Deposit Receipts by transferring funds to new savings accounts. Of the total ₹6,03,34,245 embezzled, ₹4,66,89,942 has been repaid. ₹1,36,45,303 remains outstanding. A Special Investigation Team led by SDPO S.M. Yakub conducted the investigation. Singh was caught in Sasaram, Bihar. (Updated 17 Oct 2025, 15:53 IST; source: link)

Key Points

  • Police arrested Manoj Kumar Singh, 33, former manager of Jharkhand State Gramin Bank's Dangwar branch in Hussainabad, Palamu
  • He allegedly embezzled over ₹6 crore by opening fake accounts and withdrawing customers' money
  • Singh illegally approved loans for 11 women's account groups without consent