📷 Image: Wikimedia Commons / Raimond Spekking
Crime
Bank of India Cashier Hitesh Ningwal Accused of Embezzling Rs 45.20 Lakh in Dhar
✍️ Amar Ujala · Madhya Pradesh
🗓 04 Sep 2026, 06:32 PM
👁 10
Police are interrogating Hitesh Ningwal, a cashier at the Bank of India branch in Dhar, over a Rs 45.20 lakh embezzlement allegedly used to clear loan installments and market dues.
Dhar, Madhya Pradesh – The police have opened a formal interrogation of Hitesh Ningwal, a cashier at the Bank of India’s Dhar branch, in connection with a alleged embezzlement of Rs 45.20 lakh. According to the investigation, the accused withdrew the amount from the bank to settle three loan installments and to clear outstanding market debts.
Authorities say the sum was taken without authorization, constituting a serious breach of banking regulations and criminal law. The investigation is being handled by local police, who have recorded Ningwal’s statements and are gathering further evidence.
The case highlights ongoing concerns about internal controls within banking institutions in smaller towns. Officials have not disclosed whether any other bank personnel are under suspicion, and no further arrests have been reported as of now.
The Bank of India has not released an official comment on the matter, but standard protocol calls for an internal audit and cooperation with law‑enforcement agencies to recover the misappropriated funds.
The investigation remains active, and police are expected to file a charge sheet once sufficient evidence is compiled.
Authorities say the sum was taken without authorization, constituting a serious breach of banking regulations and criminal law. The investigation is being handled by local police, who have recorded Ningwal’s statements and are gathering further evidence.
The case highlights ongoing concerns about internal controls within banking institutions in smaller towns. Officials have not disclosed whether any other bank personnel are under suspicion, and no further arrests have been reported as of now.
The Bank of India has not released an official comment on the matter, but standard protocol calls for an internal audit and cooperation with law‑enforcement agencies to recover the misappropriated funds.
The investigation remains active, and police are expected to file a charge sheet once sufficient evidence is compiled.