Badaun, March 29: In a shocking incident, a man has been arrested in Ballia district of Uttar Pradesh on Wednesday for allegedly running a fake branch of the Karnataka Bank. The person – identified as Afak Ahmad is a resident of Badaun and has been arrested for operating the fake branch of the Bank in Mulayam Nagar area of Fefna town. Reports say that the fake branch was allegedly running for over a month.

Following the raid on Wednesday, a report by TOI inform that the police has also recovered a huge pile of fake bank stationery, including passbooks, various forms, three laptops and furniture from the premises.  Also, three computers, a laptop, 184 passbooks and Rs 1.37 lakh cash deposited by locals has also been recovered.

The news of the fake branch came into light after Karnataka Bank assistant general manager BBH Upadhyaya with other officials reached Ballia and informed police that a fake branch of his bank was being operated in Mulayam Nagar area. When the Police asked Ahmad for the documents, he failed to produce the papers.

As per details by the Police, Police said the accused person- Afak identified himself as Vinod Kumar Kambale, a resident of Vikhroli in Mumbai and posed as manager of Karnataka Bank. According to a report by Hindustan Times, Afak took a portion of a house on rent and opened a fake branch of the bank there. After that, he opened accounts of locals who deposited Rs 1.37 lakh.

The Police states that he also wooed people and convinced them for setting up a ‘franchise’ of the branch in a rural area, for which he demanded Rs 60,000 from applicants.

(The above story first appeared on LatestLY on Mar 29, 2018 07:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).