CBI Investigates Rajasthan Marudhara Gramin Bank Managers for Loan Fraud

The Central Bureau of Investigation (CBI) has charged two managers from Rajasthan Marudhara Gramin Bank (RMGB) for allegedly misappropriating funds by approving Kisan Credit Card (KCC) loans using fake documents. The accused, Sheel Kumar and Satish Nanda, were employed at the Satyaya Branch in Jaisalmer district.

RMGB is a joint venture of the Government of India, the Government of Rajasthan, and the State Bank of India. An internal inquiry revealed that 38 KCC loans totaling Rs 3.21 crore were sanctioned in 2022 without following proper procedures.

The FIR states, “It has been revealed that during the year 2022, they fraudulently and with the criminal intention to cheat the bank, opened 38 KCC loan accounts. They processed and sanctioned 38 KCC Loan Accounts based on forged land documents i.e., Girdawari, Search Report, Map, and Land certificate etc.”