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ED Takes Action in Rs 7.96 Crore Fraud at SBI Gaya Branch
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News18•10-10-2026, 01:17
ED Takes Action in Rs 7.96 Crore Fraud at SBI Gaya Branch
- •The Enforcement Directorate filed a prosecution complaint against former SBI field officer Priti Singh for a Rs 7.96 crore fraud at the Manpur branch in Gaya.
- •The accused allegedly created 68 fake overdraft accounts using forged documents and manipulated fixed deposit records.
- •Funds generated through the fraud were reportedly used for personal expenses and securing additional loans.
- •In a separate case in Muzaffarpur, the ED took action against six individuals for a Rs 1.29 crore SIM-swap bank fraud involving Punjab National Bank.
Key Questions Answered
The ED filed a prosecution complaint against the then-field officer, Priti Singh, in the special PMLA court in Patna, demanding a trial and punishment for siphoning off Rs 7.96 crore through forged documents and 68 fake overdraft accounts.
Priti Singh abused her official position by creating fake accounts, removing the bank's lien on fixed deposits, and repeatedly using the same deposit amount as a guarantee to avail overdraft facilities across 68 accounts.
In Muzaffarpur, a Rs 1.29 crore fraud against Punjab National Bank account holders occurred where money was withdrawn by replacing mobile SIM cards, and the ED has filed a prosecution complaint against six accused individuals.
