Lucknow, April 11 -- Carrying forward its major crackdown on financial fraud, the Uttar Pradesh Special Task Force (STF) arrested a union Bank of India manager from Delhi, officials said on Saturday. The accused is part of a well-organized racket involved in sanctioning fraudulent loans under government schemes, cheating over 100 individuals and siphoning off crores of rupees.
The incident came to light after a Lucknow resident, Raj Bahadur Gurung, approached the STF headquarters with a complaint. He stated that he had signed certain bank forms through an intermediary to obtain a business loan but was later informed that his loan application had been rejected.
However, nearly five to six months later, he began receiving EMI due messages o...