Trio Nabbed in Rs 1.58 Crore University Bank Fraud

Three individuals were arrested for allegedly withdrawing Rs 1.58 crore fraudulently from Kolhan University’s bank account. The police launched an investigation across multiple states, arresting suspects identified as Dhananjay Kumar Prajapati, Sanjay Kumar, and Amrita Sharma, while successfully freezing Rs 93 lakh.

In a significant breakthrough, police have arrested three individuals accused of fraudulently withdrawing Rs 1.58 crore from the bank account of Kolhan University, located in Jharkhand's West Singhbhum district.

The case came to light following a complaint registered by the vice-chancellor of the university at the Mufassil police station on February 19. Subsequently, a special investigation team (SIT) was formed to probe the case comprehensively.

SIT officers conducted searches in Odisha, West Bengal, Chhattisgarh, and other districts within the state. The operation led to the arrest of Dhananjay Kumar Prajapati from Ramgarh, Sanjay Kumar from Ranchi, an assistant manager at ESAF Bank, and Amrita Sharma, an employee at Yes Bank in Bokaro. So far, Rs 93 lakh has been successfully frozen, as the investigation continues.