Two people were arrested for running a fake bank in Kasya area of Kushinagar.
Reports said that a branch of fake bank namely United India group of companies was running on Sapahan road in Kasya locality of Kushninagar for the past over one year. To develop the confidence of the customers “Affiliated with Agriculture Ministry India” was written on their display board.
Bank used to deposit the money of the customers through the agents. All the facilities of saving account, current account and fix deposit were available in the bank similarly like nationalized banks of the country.
Reports said that when police investigated the authenticity of their bank after getting a complaint in this regard, they learnt that neither Agricultural Ministry nor Reserve Bank of India have any concern or gave any permission to this bank. Soon after learning the above facts, the police raided the bank on Wednesday evening and nabbed manager Radhey Shyam Yadav and regional manager Ashok Singh.
When police asked for the legal papers for running the bank in interrogation, they presented their society registration papers but they had not any papers of permission from RBI to run such bank. Both the arrested accused told police that managing director of the society sits at lucknow office. Two accounts in Bank of Baroda Vikas Nagar branch in lucknow and ICICI bank are running by the society. All the deposited money including Kasaya branch submitted to these accounts in lucknow.
Radhey Shyam and Ashok Singh were sent to jail against forgery charges. Cops seized computers, forms for opening and deposit, passbooks and Rs 6000 in cash and other items. Further investigations are on in this regard.