Police issued notices to alleged property grabbers in civil lines, warning of legal consequences for fraudulent occupation while probing 16 individuals including Canara Bank branch managers over Rs 1.25 crore in fake gold loans.

Canara Bank Officials Face Probe Over Rs 1.25 Crore Gold Fraud

The420.in Staff
3 Min Read

Police have issued notices to those allegedly grabbing properties in civil lines, stating that such actions deprive citizens of their rightful claims.

The step aims to curb fraudulent occupation of vacant government or private lands, which can lead to civil suits and prolonged disputes. Authorities warn that involved parties risk legal action, urging immediate vacation of encroached sites.

Inquiry Targets 16 Individuals

On 13 June 2023 in Panchmahal 2025 branch Bhawanipur resident bank branch parishad Vishnu in mortgage gold loan of Rs 1,25,96,990 gold loan given verification report basis bank collector district said loan given without proper verification.

Syndicate Nagar jail reliable resident bank one other branch parishad koshal kshetra so branch manager July 2025 branch parishad Sudhanshu and 15 July 2025 other branch parishad Shiv Kumar loan given gold mortgage taken.

These cases involve branch managers and officials who allegedly approved loans against fake gold without due diligence. Civil Lines Sitara Kendra Bank branch manager Tegh Teja resident Maharaj Singh Rajkumar resident Shivastav Illava resident Vikash Kumar Kidgoj resident Raj Yadav Mani resident Kendra Bank Rajkot resident Kavita Sharma Meerapur resident Manjay Singh Ardhir resident Vikas Nagar resident Manoj Kumar Janpur resident Ravi Kumar Bhadohi Vkatra Bajar Mohammad Arman Bhadohi Uparwar resident Ajay Kumar Gopiganj (Bhadohi) Kali Devi Humnan Gadi resident Palak and branch parishad Vishnu and Kamal Kumar Vmet Ajad for inquiry.

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Branch Approvals Raise Concerns

Civil lines Syrit Canara Bank share in big theft came Jalasajo fake gold mortgage recovery 1.25 crore gold loan given bank do branch parishad meet 16 accused any Ajat fraud case said Canara Bank executive director manager and police said bank branch manager gold mortgage loan verification report basis customer gold loan given state.

The notice clarifies police role in assisting legitimate claims while pursuing those responsible for deceitful occupations. Property grabbers often exploit vacant plots, leading to disputes resolvable only through courts.

About the author – Rehan Khan is a law student and legal journalist with a keen interest in cybercrime, digital fraud, and emerging technology laws. He writes on the intersection of law, cybersecurity, and online safety, focusing on developments that impact individuals and institutions in India.

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