The former security guard, Dilip Kumar detained under FD Scam. A day earlier, a bank correspondent and his aide arrested for allegedly stealing funds worth lakhs of rupees by issuing fake FD receipts to customers at a private bank branch on Mohaan Road, near the Dr.Shakuntala Mishra National Rehabilitation University.
Ex ATM Guard detained in FD Scam
Another key aspect of the investigation is a lavish house, worth around ₹1.5 crore, believed to belong to the bank correspondent in the Saripura area of Rajajipuram. “We checked when the house built, whose name it is registered under, and whether it constructs by using money from crime. If we confirm this, we will initiate attachment proceedings,” said Suresh Singh, the Para station house officer.
According to police sources, Kumar visited the branch even after losing his job managing the ATM kiosk in 2019. He often served tea to staff members and assisted them with minor tasks. Investigators say this access helped him support Shiva Rao, the bank correspondent, in carrying out the scam.
Issue fake FD receipt, and steal bank funds
Police said that Rao had been a banking correspondent since 2015 and had earned the trust of customers. He had allegedly been issuing fake FD receipts since 2020. Kumar accused of helping him create counterfeit documents and facilitate cash transactions.
The FD Scam uncovered after several customers raised a fuss at the branch on January 12, claiming that money disappeared from their accounts and that the FDs were fake. A joint complaint from 24 victims, including 17 women, led to the filing of an FIR, with police believing that over 50 customers cheated.
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