Gandhinagar: The Central Bureau of Investigation (CBI) has filed a case against the then branch manager of the Kadjodara branch of the State Bank of India (SBI) in Gandhinagar, Amleshbhai Gamanbhai Gamit, in a loan fraud and embezzlement case involving Rs 1.18 crore.

According to the FIR, the fraud was committed between June 21, 2022, and May 20, 2025. The accused, Amleshbhai Gamit, committed serious financial irregularities by violating banking procedures while misusing his official position. Investigation has revealed that he repeatedly embezzled money sanctioned under Kisan Credit Card (KCC), Mudra Dairy Loan, and other agricultural loans.

Method of fraud:

Transactions without the knowledge of the customers: The accused manager used to obtain signed blank withdrawal forms and security cheques from the KCC account holders and transferred money from their accounts without the knowledge of the customers.

Misuse of parking account: It is also alleged that examination of branch records revealed suspicious operations in the Branch Parking Account No. “37608195349”. The accused officer allegedly utilized the Branch Parking Account as a conduit for routing funds from various customer and loan accounts. Funds were parked temporarily and thereafter transferred to other accounts without a legitimate banking purpose. Such operations were not only unauthorized but were also intended to disguise the trail of diverted funds and facilitate fraudulent transactions.

It is further alleged that funds diverted from loan accounts were transferred to accounts belonging to relatives and associates of the accused officer. Certain transactions were traced to accounts connected with the accused officer’s father and friends. Around 12 intermediary accounts were used for this, as per the FIR.

Based on a written complaint filed by SBI Assistant General Manager Rohit Kumar, the CBI has registered a case on June 17, 2026. Action has been initiated against the accused under Section 13(2) of the Prevention of Corruption Act, 1988, Bharatiya Nyaya Sanhita (BNS), 2023 and various sections of the IPC (such as 120B, 409, 420).

The accused manager has been suspended by SBI since January 3, 2026, and a departmental inquiry is also underway against him. Currently, CBI Inspector Rahul Nehra is conducting further investigation into the case.