Lagatar24 Desk
Ranchi: In a major banking fraud case from Bokaro, Jharkhand, 11 out of 12 individuals who availed loans worth ₹5 crore from UCO Bank’s Chas branch using fake land documents are currently untraceable. Only one accused, Kuldeep Saw, has been arrested so far in connection with the case. He secured the loan by mortgaging a fake sale deed under the name Chandradeep, which later turned out to be bogus.
Fraud uncovered during recovery attempt
During a verification process initiated after default on loan repayment, bank officials found that all 12 sale deeds submitted as collateral were forged, rendering the recovery through property auction impossible. In Kuldeep’s case, the land he used as collateral was already sold by Chandradeep to another person, Sanjay Kumar, who even had it mutated in his name under case no. 942/2025-26.
Court had flagged forgery earlier
The Jharkhand High Court had previously identified Chandradeep Kumar as a land grabber and ordered the state to implement an SOP to prevent government land fraud. The SOP is now in force.
Key accused and fraudulent loan details
Kuldeep Saw: Took ₹39.80 lakh under “M/s A-One Textiles”; mortgaged a fake sale deed. Outstanding amount: ₹55.97 lakh.
Shashi Bhushan Tiwari: Availed ₹40 lakh as “M/s C.S. Enterprises”; deed under Chiranji Lal was fake. Current dues: ₹56.45 lakh.
Chiranji Lal Agarwal: Borrowed ₹40 lakh under CGTMSE scheme; found to have submitted fake address.
Jai Kishan Kumar: Took ₹30 lakh for “Lakshmi Floor & Spice Mill”; fake deed mortgaged.
Prakash Giri: Borrowed ₹40 lakh using a bogus deed in his name. Outstanding: ₹60.92 lakh.
Amrendra Kumar: Took ₹30.85 lakh with fake deed; dues now ₹46.01 lakh.
Rahul Kumar: Claimed to own “RK Traders”, borrowed ₹36 lakh; mortgaged father’s land using fake papers.
Manish Kumar Tiwari: Secured ₹39.95 lakh as “M/s Shankar Suppliers”; deed submitted found forged. Now owes ₹57.27 lakh.
Neelam Agarwal: Took ₹30 lakh under “M/s Shakti Enterprises”; forged deed used as guarantee.
Lokesh Kumar Gupta: Took ₹39.95 lakh claiming to own “Shankar Steel”; deed submitted later proved to be fake. Total dues: ₹55.69 lakh.
Chandrika Prasad: Claimed to own “M/s Sonu Sirman Jewellers”; secured ₹39.33 lakh using fake land document.
Sudhir Kumar: Took ₹40 lakh under “M/s Swarn Kala Saree”; forged deed in his own name used. Total dues: ₹60 lakh.
