Union Bank of India’s Ghat Road branch in Nagpur faces a major internal fraud scandal after a police case was filed against seven individuals, including a retired branch manager, for allegedly siphoning off ₹1.65 crore through bogus credit cards. The scam surfaced during an internal audit by current chief manager Sandeep Kumar, who reviewed fraud monitoring reports from December 20, 2019, to May 23, 2022, uncovering deliberate misuse of banking processes.
Ganeshpeth police registered the FIR under IPC Sections 406, 409, 420, and 34, naming prime accused Nandeshwar Manthapurkar (63), the ex-branch manager who retired post-scam. His accomplices include Vineet Rokde (44, Amravati), Prashant Uke (40, Nari Road), Dhiraj Gajbhiye (54, Ajni), and Nagpur locals Ashish Joge (39), Datta Panchal, and Vimal Joge.
Retired Manager’s Credit Card Conspiracy
Manthapurkar allegedly conspired with credit card and loan department staff plus outsiders to issue 44 fake cards using forged Aadhaar, PAN, and KYC documents. Funds totaling ₹1.65 crore (precisely ₹1,65,17,000) were disbursed to Panchal and Joge’s accounts, with Joge providing his details for swift withdrawals and distribution.
The fraud hid until Kumar’s detailed probe post-Manthapurkar’s retirement exposed the pattern of irregularities. No arrests yet, but police probe money trails and wider involvement.
Forged IDs and Internal Collusion Exposed
This case mirrors rising insider banking frauds in Maharashtra, where officials exploit KYC gaps for personal gain. Nagpur has seen similar scams, including Union Bank’s past convictions of ex-managers.
Investigators focus on transaction logs and accomplice roles, with sources confirming the gang’s collusion caused direct bank losses. Deeper probes target recovery and potential external networks.
