CBI Books Four AGVB Officials for Fraudulent Loan Disbursement

The Central Bureau of Investigation (CBI) has booked four officials of Assam Gramin Vikash Bank (AGVB) on Tuesday for allegedly sanctioning and disbursing funds to fictitious Self Help Group (SHG) loan accounts and transferring the proceeds to other bank accounts. The accused include three former assistant managers—Prasanta Borah, Priyankshu Pallabh Gogoi, and Sohan Dutta—and a former office assistant, Satyajit Chaliha, all from the AGVB Madhapur Branch in Jorhat.

The officials are accused of conspiring to fraudulently cause losses to the bank by transferring funds from fictitious SHG loan accounts to their own and other accounts, resulting in an alleged loss of Rs. 8,28,42,900. The CBI conducted search operations at seven locations in Assam, including Jorhat, Tinsukia, and Dibrugarh, and one in West Bengal, uncovering incriminating documents.