Kanpur: The Kakadeo police in Uttar Pradesh’s Kanpur have arrested a woman carrying a ₹10,000 reward in connection with an alleged ₹90 lakh loan fraud. The accused, identified as Shikha Nigam, was arrested from Noida after allegedly remaining absconding in the case. Police said her husband, Saurabh Nigam, and the concerned bank manager, Ankit Mishra, had already been arrested and sent to jail. Investigators are now questioning Shikha to establish her alleged role in the fraud and determine how the loan amount was used.
Fraud Allegedly Committed After Partnership Ended
The case relates to ‘SD Enterprises’, a firm associated with Vijay Nagar resident Neetu Singh. According to the complaint, Saurabh Nigam and his wife Shikha, who were partners in the firm, had made Neetu Singh a business partner in 2021. However, Neetu Singh resigned from the partnership in January 2022. Despite her departure from the firm, her name and documents were allegedly used subsequently.
Police allege that after Neetu Singh left the partnership, her forged signatures and documents were used to open an overdraft account in the name of the firm at HDFC Bank’s Ratanlal Nagar branch. The account was subsequently allegedly used to obtain and withdraw a loan of ₹90 lakh. According to the complainant, she had no knowledge of the account or the transactions carried out through it.
Fraud Came to Light After Bank Notice
The alleged fraud came to light in 2024 when Neetu Singh received a notice from the bank. After receiving the notice, she learned that her name and documents had allegedly been used to operate a bank account linked to the firm and obtain a ₹90 lakh loan.
She subsequently approached the police and filed a complaint against the accused couple and bank personnel for alleged fraud and related offences. During the investigation, police examined the role of the accused and scrutinised banking records and documents.
Shikha Nigam was also named in the investigation but allegedly remained absconding. Police later announced a ₹10,000 reward for information leading to her arrest.
Arrest Made in Noida
Police teams gathered information about the accused woman’s possible locations and contacts during the search. After receiving information that she was in Noida, a team conducted a raid and arrested her.
Following the arrest, investigators are examining her bank accounts, documents and communications with other people allegedly connected to the case. Police are also trying to determine where the ₹90 lakh loan amount was ultimately used and who was involved in withdrawing and transferring the funds.
Investigators are examining bank records and documentary evidence to establish the sequence of events, including the alleged creation and use of forged documents, opening of the overdraft account and withdrawal of the loan amount.
According to police, Saurabh Nigam and bank manager Ankit Mishra have already been sent to jail in the case. With Shikha Nigam’s arrest, investigators are now focusing on clarifying the alleged role of each person involved and tracing the complete financial trail of the ₹90 lakh loan.
Further legal action against the accused woman is underway.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
