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Crime
Jaipur Police Arrest Two Fugitives in Eight-Year-Old Rajlaxmi Bank Loan Scam
✍️ Amar Ujala · Jaipur
🗓 05 Oct 2026, 07:15 PM
👁 9
Jaipur's crime branch detained two long‑standing fugitives linked to a multi‑crore loan fraud at Rajlaxmi Mahila Urban Co‑operative Bank, an offence that dates back eight years.
The Jaipur Urban Police’s crime division announced the arrest of two suspects who had been evading authorities for eight years in connection with a large‑scale loan fraud at Rajlaxmi Mahila Urban Co‑operative Bank. The investigation revealed that the accused used forged documents to secure loans amounting to several crores, deceiving the bank’s credit verification process.
According to the police, the two fugitives were located after a prolonged chase that involved coordination between multiple law‑enforcement units. Both individuals were taken into custody without incident and are now facing charges of fraud, forgery, and criminal conspiracy.
The bank, which primarily serves women borrowers in the region, has been cooperating with investigators to trace the financial trail and recover the misappropriated funds. Officials said the case underscores the need for stricter document verification and monitoring mechanisms in cooperative banking institutions.
The arrests are expected to strengthen the ongoing probe, which aims to identify any additional accomplices and recover the defrauded amount. The suspects will appear before a Jaipur court in the coming days for further legal proceedings.
According to the police, the two fugitives were located after a prolonged chase that involved coordination between multiple law‑enforcement units. Both individuals were taken into custody without incident and are now facing charges of fraud, forgery, and criminal conspiracy.
The bank, which primarily serves women borrowers in the region, has been cooperating with investigators to trace the financial trail and recover the misappropriated funds. Officials said the case underscores the need for stricter document verification and monitoring mechanisms in cooperative banking institutions.
The arrests are expected to strengthen the ongoing probe, which aims to identify any additional accomplices and recover the defrauded amount. The suspects will appear before a Jaipur court in the coming days for further legal proceedings.