look news india
Kotwali Nagar Police has got another big success in the much talked about and big scam of Rs 21 crore 47 lakh 78 thousand in the Gonda branch of Uttar Pradesh State Cooperative Bank. The police have arrested Assistant Branch Manager Sushil Kumar Gautam, who was absconding in this fraud and embezzlement case, from Alok Nagar area of Lucknow. There is a serious allegation against the accused of distributing irregular loans worth crores of rupees with the help of fake documents and ignoring the rules.
The accused is a resident of Lucknow
According to the information given by the police, the arrested accused Sushil Kumar Gautam, son of Ramlal Gautam, is a resident of Alok Nagar area under Aliganj police station, Lucknow. He was posted as Assistant Branch Manager in Gonda branch of Uttar Pradesh State Cooperative Bank and was on the police radar since the scam.
FIR was registered on January 2, revelations were made in audit
This mega scam came to light when Bhuvan Chandra Sati, Assistant General Manager and Chief Manager of Uttar Pradesh State Cooperative Bank Limited (Branch Gonda), had filed a complaint in Kotwali Nagar on January 2, 2026, complaining of huge financial irregularities and fraud in loan distribution.
The special audit report of the bank and the recommendations of the internal inquiry committee revealed the shocking fact that the then branch manager Pawan Kumar Pal, along with other employees of the bank and some selected account holders, formed a big syndicate. The investigation revealed that without any eligibility and necessary documents, loans worth crores of rupees were distributed to themselves, their family members and other close ones.
205 account holders’ accounts breached, internal accounts also searched
According to the investigation report, the accused embezzled a total of Rs 2147.78 lakh (21.47 crore) from 5 internal accounts of the bank including loan and savings accounts of 205 account holders through different banking channels on the basis of fake and forged documents. Not only this, out of this, Rs 46.13 lakh were directly withdrawn unauthorizedly from the internal accounts of the bank.
Swift action by police: 4 arrested including main kingpin
Police action is continuing in this matter. The police have already sent three other accused, including the main accused of this scam and the then branch manager Pawan Kumar Pal, behind the bars. The arrest of Sushil Kumar Gautam is the fourth major success in this series. During the investigation, the police have seized many important documents and digital evidence, on the basis of which the role of other bank employees is also being investigated.
Top officials of Gonda Police say that no culprit involved in this financial crime will be spared. Police teams are continuously raiding to nab some other absconding accused and helpers.
Arresting police team: The police team that nabbed the Assistant Branch Manager included Kotwali Nagar’s additional in-charge inspector Sabhajit Singh, sub-inspector Udit Kumar Verma, constables Amit Yadav and Prabhakar Yadav. Higher officials have appreciated the team for this prompt action.
