Police arrested assistant manager Ravi Raghavendra and the alleged mastermind Vipin Paswan. The Darbhanga Indian Overseas Bank loan scam surfaced when a local resident discovered a loan of ₹18 lakh issued in his name even though he never applied for it.

During the investigation, officers found that the gang created fake shops and businesses to obtain loans under government schemes. The assistant manager reportedly approved these loans without proper verification and submitted fake field reports. The money later moved into accounts linked to the mastermind.

Police identified at least 14 suspicious accounts connected to the fraud. Authorities also seized forged documents, fake bank seals, and digital evidence during raids. Some suspects, including a bank manager and a government department employee, remain absconding.

Officials say the investigation continues, and the total scam amount may increase as more accounts come under scrutiny

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