The Central Bureau of Investigation (CBI) has registered a case against Amleshbhai Gamanbhai Gamit, the former branch manager of the State Bank of India (SBI) branch at Kadjodara in Gandhinagar, for allegedly embezzling ₹1.18 crore through fraudulent loan transactions.
According to the FIR, the alleged fraud took place between June 2022 and May 2025. Investigators claim that the accused misused his official position and violated banking norms to siphon off funds sanctioned under Kisan Credit Card (KCC), Mudra Dairy Loan and other agricultural loan schemes.
The investigation revealed that the accused allegedly obtained signed blank withdrawal forms and security cheques from KCC account holders and withdrew money from their accounts without their knowledge.
The FIR further states that the branch’s parking account was allegedly misused to route funds from customer and loan accounts. Investigators suspect that money was temporarily parked in the account and later transferred to other accounts without any legitimate banking purpose, allegedly to conceal the movement of funds.
CBI officials also found that diverted loan funds were allegedly transferred to accounts linked to the accused’s relatives, friends and associates. Around 12 intermediary accounts were reportedly used to channel the money.
The case was registered on June 17, 2026, based on a complaint filed by SBI Assistant General Manager Rohit Kumar. The accused has been booked under provisions of the Prevention of Corruption Act, the Bharatiya Nyaya Sanhita (BNS), and sections related to criminal conspiracy, criminal breach of trust and cheating.
SBI had suspended the accused manager on January 3, 2026, and a departmental inquiry is already underway. Further investigation in the case is being carried out by CBI Inspector Rahul Nehra.