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CBI to Investigate Big Fraud at SBI Bank in Uttar Pradesh

State Bank of India Enhances Wealth Management Strategy
State Bank of India Enhances Wealth Management Strategy

The Central Bureau of Investigation (CBI) is looking into a major fraud case at a State Bank of India (SBI) branch in Lilapur, Uttar Pradesh. The fraud involves 4.85 crore rupees (about $580,000) being stolen from customer accounts.

What Happened?

  • Money was taken from customers’ accounts without their knowledge
  • The stolen money was sent to a contractor in another city
  • So far, 35 people have complained about losing money
  • One person lost 45.21 lakh rupees from his petrol pump account
  • Another family lost 1.30 crore rupees

Bank’s Response

  • The branch manager, Jaynath Saroj, has been suspended
  • A new manager has been appointed
  • The bank stayed open on a holiday, which made people suspicious
  • Some think bank workers might be trying to fix records before CBI arrives

Customer Protests

  • Many angry customers gathered outside the bank
  • 16 customers started a hunger strike
  • They want their money back quickly
  • The new manager tried to explain, but customers are still upset

What’s Next?

  • CBI is expected to visit the bank soon for investigation
  • Police are also looking into the case
  • Customers continue to protest for faster action

The situation at the Lilapur SBI branch remains tense as customers wait for their money and answers about how this fraud happened.

About the author

bankpediaa

Yogesh is the founder of BANKPEDIAA, a finance expert with 8 years of experience in banking, and 3 years of experience in handling loan seats. He aims to educate and empower young individuals to take control of their financial lives.