Jaipur, Feb 6 || Rajasthan Police have arrested Amit Jangid, the main accused in the Rs 6.50 crore gold loan scam at the Punjab National Bank (PNB) Nawalgarh branch in Jhunjhunu district. Jangid, who was serving as the bank manager at the time of the fraud, was apprehended near Mathura railway station in Uttar Pradesh.
According to police, the accused also attempted to flee from custody, but the police team chased and detained him before he could escape.
The case came to light on February 3, following which an FIR was registered against Amit Jangid, another official Santosh Kumar Saini, and Deputy Manager Anantprakash Chaudhary. Police have also arrested Santosh Saini. Preliminary investigations indicate that the fraud was executed through the collusion of Jangid and Saini. After the scam surfaced, Amit Jangid went absconding.
On February 5, his wife filed a missing person report, stating that he had disappeared after the incident.
Current branch manager Mukesh Sihag stated in his complaint that gold pledged against loans was stored in the bank’s gold safe.
On January 28, during the process of handing over charge of the gold strong room to Deputy Manager Seema Mahla, discrepancies were detected.