📷 Image: Wikimedia Commons / Stalinjeet Brar
Crime
Bank executive in Shri Ganganagar accused of siphoning ₹4.72 lakh from women’s group loans
✍️ Amar Ujala · Rajasthan
🗓 07 Sep 2026, 03:02 PM
👁 19
Operation executive Parvat Singh is alleged to have used the branch manager’s digital ID and password to divert ₹4.72 lakh of group loan funds belonging to women borrowers to other accounts.
In the Jawahar Nagar police jurisdiction of Shri Ganganagar, Rajasthan, a private‑sector bank’s operation executive, identified as Parvat Singh, has been accused of misusing the digital credentials of his branch manager. The allegation states that Singh accessed the manager’s digital ID and password to move funds belonging to women’s group loans into different bank accounts.
The amount in question is approximately ₹4.72 lakh, which was part of a collective loan scheme designed for female borrowers. According to the complaint, the transferred money was routed to accounts that are not linked to the original loan beneficiaries, suggesting a deliberate diversion of the loan proceeds.
Local law enforcement and the bank’s internal audit team have opened investigations to trace the flow of the funds and to determine the extent of the breach. If proven, the act could lead to criminal charges under financial fraud statutes and result in recovery actions against the accused.
The incident has raised concerns among women borrowers who rely on group loans for livelihood support, highlighting the need for stricter oversight of digital access within banking operations.
The amount in question is approximately ₹4.72 lakh, which was part of a collective loan scheme designed for female borrowers. According to the complaint, the transferred money was routed to accounts that are not linked to the original loan beneficiaries, suggesting a deliberate diversion of the loan proceeds.
Local law enforcement and the bank’s internal audit team have opened investigations to trace the flow of the funds and to determine the extent of the breach. If proven, the act could lead to criminal charges under financial fraud statutes and result in recovery actions against the accused.
The incident has raised concerns among women borrowers who rely on group loans for livelihood support, highlighting the need for stricter oversight of digital access within banking operations.