A Special Investigation Team (SIT) constituted by the Nagaland Police has arrested a Bank Manager of Bank of Maharastra, Port Blair Branch, namely Pallab Nag (40 yrs). S/o-Prabir Nag, PS-Silchar Sadar, Dist-Cachar, Assam, in connection with East PS (Dimapur) Case No. 16/2022 U/S 423/406/420/418 IPC. The case pertains to the commission of forgery, fraud, and cheating to the tune of Rs. 1,85.32.000/- when the accused was posted earlier at Bank of Maharastra, Dimapur Branch.

The accused person while being posted as Branch Manager, Bank of Maharastra, Dimapur Branch along with other co-accused persons had sanctioned unsecured loans to the customers against schemes such as Standup India, PMEGP, MSME, MDURA, etc. The sanctioned amount granted for the purchase of vehicles and machinery was then siphoned off and misappropriated by the accused resulting in a wrongful gain to themselves through misrepresentation, and forgery, thereby defrauding the bank and causing a breach of trust and cheating the victims.

Further, through this Press Release, Nagaland Police wish to inform public and bank customers to report similar instances, if any, to phone No.6009308037 or Email them to statecrimeps-ngl@gov.in

If required, the identity of the informant/ complainant will be kept secret.

                                                                                               (DIPR)