Loan scam unearthed at Bank in Ferozepur, 4 booked
Ferozepur, July 28, 2025: A major loan fraud, initially amounting to Rs 35 lakh, has come to light in Ferozepur involving four individuals, including two women and officials from Capital Small Finance Bank. Following an investigation based on a complaint filed by Parbhjit Singh, the police have booked the accused under various sections of the Bharatiya Nyaya Sanhita (BNS) 2023 and the Information Technology Act. The victims staged a protest in front of the bank, with the Kisan Union joining them.
The FIR names Jagdeep Singh (Agriculture Department, Capital Small Finance Bank), Rohit Kumar Kataria, Manager of the Ferozepur City Branch, and two women — Kirandeep Kaur and Shaminder Kaur (wife and sister of Jagdeep Singh, who is currently absconding). The other three accused have been arrested and are on a five-day police remand. Two more individuals reportedly linked to the case have also been taken into custody.
The case involves the fraudulent sanctioning and disbursal of loans using fake documents, without the complainant's consent or knowledge. The fraud was allegedly executed using forged signatures and by manipulating bank procedures. According to the FIR, the complainant discovered the scam after receiving unexpected recovery notices and realised that his mobile number had never been linked to the account, despite repeated requests.
Now, reportedly, around 22 individuals claim a total misappropriation of over Rs 3 crore. The linked bank accounts were reportedly used for multiple suspicious transactions. A detailed audit by the complainant, along with verification from the bank and other departments, confirmed the fraud.
The accused have been booked under BNS-2023 Sections 61(2), 316(5), 319(2), 318(4), 336(2), 338, 336(3), 340(2), and Section 66(D) of the Information Technology Act. The complainant has demanded strict action following a thorough investigation.
Bank and police authorities are now probing the wider scope of the scam, including possible collusion within the bank and misuse of official authority.