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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According to victims, the Gopalganj Aastha company fraud came to light when the company’s office suddenly shut down. Staff members reportedly disappeared overnight, leaving investors worried about their money. Soon after, people realized that the scam involved nearly ₹80 crore.

Several victims approached the district police and filed a complaint with Superintendent of Police Vinay Tiwari. Police registered a case and started an investigation into the matter.

Officials said a special team will check bank accounts linked to the company and search for those involved in the fraud. Authorities also warned people to stay careful of schemes that promise quick or guaranteed profits.

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