Assam: Farmer’s deposits allegedly embezzled at UCO Bank, Jagun

In a shocking case of alleged financial fraud, a poor farmer from Jagun, Bishnu Dev Hajong, has accused UCO Bank employees of illegally withdrawing his savings of Rs 1,27,000 through an ATM card issued in his name without his knowledge.

According to reports, Hajong had deposited the amount at UCO Bank’s Jagun branch. However, when he attempted to withdraw his savings a few months later, he was informed that the funds had already been withdrawn via ATM transactions. Shockingly, Hajong had never applied for nor received an ATM card.

Following the revelation, Hajong lodged a formal complaint at the Jagun Police Station against the bank’s alleged malpractice, including the branch manager and other employees.

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During the investigation, a temporary UCO Bank employee, Raj Kumar Rai, allegedly attempted to persuade Hajong to withdraw his complaint. 

Rai reportedly handed him Rs 1,00,000 in cash and issued a cheque of Rs 27,000 to settle the matter.

Further investigation suggested the involvement of former UCO Bank Assistant Manager Puneswar Tait, clerk Biswadeep Sarkar, and Prince Rai, who were allegedly behind the fraudulent withdrawals. 

They had reportedly collaborated to issue an ATM card in Hajong’s name and siphoned off his funds.

Authorities are now probing deeper into the case, and concerns are growing over banking security and deposit safety for rural account holders. Further updates on the case are awaited.