The branch manager of NIC Asia Bank has been accused of embezzling a loan amount of NPR 70 lakhs by repeatedly withdrawing money from the borrower’s account without authorization. The borrower had taken a loan of NPR 3 crores 20 lakhs, approved in the name of Vaidyanath Agricultural, under the management of Manager Guptamathi. The victim alleges that the manager kept some of the money in his own account and withdrew amounts less than NPR 10 lakhs in the names of various individuals, along with his own signature and the date mentioned on the blank cheques.
The police have confirmed that the bank manager, along with other employees, including the branch manager of the Garuda branch of the bank, has embezzled money from the accounts of the borrowers without their consent. After approving the agricultural loan from the bank, the manager Guptamathi kept some money in his own account and allegedly withdrew amounts less than NPR 10 lakhs by signing the blank cheques.
The chief of the district police office in Rautahat, Mahendra Kumar Shrestha, has confirmed the embezzlement from the accounts of the borrowers through the Garuda branch of the bank. He said, “We have received complaints that the bank borrowers have withdrawn money without consent. We are currently investigating the matter. It is not just a statement, but a serious allegation of embezzlement.”
The branch manager of the bank, Amod Gupta, who is accused of the embezzlement, has mentioned that he withdrew NPR 2 crores 5 lakhs from the account of Jay Baba Vaidyanath Agricultural Company, Ashoka Agricultural, and Ambe Agricultural Farm, after approving a loan of NPR 4 crores 75 lakhs. Gupta also mentioned that he took nine blank cheques from Ashoka Agricultural’s director Ashok Kumar Sah, which were used for the embezzlement.
According to the sources, through the cheques taken by Gupta, a total of NPR 8,595,000 was withdrawn in the name of the bank guard Dhamendra Kumar Mahato, NPR 8,595,000 in the name of Pana Devi, NPR 8,595,000 in the name of Ram Bachchu Raut, NPR 8,595,000 in the name of Aryan Kumar Sah, and NPR 5,340,000 in the name of Aasha Devi. The total amount embezzled is said to be more than NPR 85 lakhs. The manager Guptamathi is accused of withdrawing NPR 70 lakhs by repeatedly withdrawing from the approved loan of NPR 3 crores 20 lakhs in the name of Vaidyanath Agricultural.
The police have confirmed that the branch manager of NIC Asia Bank’s Garuda branch has admitted to embezzling money from the accounts of borrowers. The bank borrowers had filed a complaint stating that money was withdrawn from their accounts without their consent. Mahendra Kumar Shrestha, the chief of the district police office in Rautahat, confirmed the allegations and said that they are currently investigating the matter.
According to Shrestha, so far, only the branch manager of the bank has been implicated in the initial investigation. However, the branch manager has denied the allegations and claimed that he did not have any involvement in the embezzlement. He also questioned why blank cheques were given to him and who withdrew the money, stating that these allegations are false. The bank is conducting further investigations into the matter.
The branch manager is accused of embezzling a loan amount of NPR 70 lakhs from the account of Vaidyanath Agricultural Company. The total amount embezzled, including withdrawals made in the names of other individuals, is said to be more than NPR 85 lakhs. The police are taking the allegations seriously and are conducting a thorough investigation.