Manager and employees of private bank in Bengaluru face scrutiny for allegedly enabling a fraudulent loan of ₹12 lakh. Madiwala police registered case after complaint from 45-year-old businessman Muniraju J.,who said loan was taken out in his name without his consent .
January 2025,Muniraju went to bank's BTM Layout branch for an education loan for his daughter. Instead,bank officials told him a ₹12 lakh loan had already been sanctioned using his identity . Shocked,he asked for borrower details and documents used. He claimed his Aadhaar and PAN card info had been misused by unknown individuals to get the loan.
Despite repeated inquiries and legal notice sent on April 28,2025,bank didn't provide necessary information about transaction or borrower's identity. Muniraju argued loan approval must have involved negligence or collusion among bank staff,as such transaction couldn't happen without internal complicity.
Police have charged bank manager and several employees with cheating,forgery,identity theft,and conspiracy. They're investigating how loan was processed using forged documents and looking for any bank officials who might have been involved . No arrests yet…but who really pulled the strings?
