New Delhi, March 19 (UNI) The Enforcement Directorate (ED), Ranchi Zonal Office, today said it has attached two immovable properties worth Rs 97.92 lakh belonging to Manoj Kumar, former Branch Manager of the State Bank of India (SBI), and his family members.
The attached properties include a residential house in Sahebganj, Jharkhand, and a flat in Patna, Bihar.
The ED initiated its investigation based on multiple First Information Reports and chargesheets filed by the CBI, ACB Dhanbad, and the Shikaripara Police Station.
The predicate offences include criminal conspiracy, cheating, forgery, and criminal misconduct by a public servant under the IPC and the Prevention of Corruption Act.
The investigation revealed that Manoj Kumar, while posted at various SBI branches including Sahebganj, Barhait Bazar, Phulbanga, and Shikaripara, abused his official position to orchestrate a large-scale financial fraud.
The modus operandi involved executing hundreds of unauthorised debit transactions from the accounts of vulnerable customers, particularly deceased or inactive pensioners and illiterate Kisan Credit Card (KCC) loanees. The diverted funds were siphoned off through a complex web of intermediary accounts, NGOs, and shell entities to obscure the money trail.
The total “proceeds of crime” generated through these scheduled offences have been quantified at Rs 5.40 crore.
Further investigation into the matter is ongoing.
