Dehradun, March 31, 2026: A CBI court in Dehradun has convicted and sentenced 12 accused, including the then Branch Manager of Uttarakhand Gramin Bank’s Bazpur branch, in a major agricultural loan fraud case that caused a loss of ₹3.39 crore to the bank.
The court awarded four years of rigorous imprisonment and a ₹50,000 fine to former branch manager Ram Avtar Singh Dinkar. The remaining 11 private individuals were sentenced to one year of rigorous imprisonment, along with a combined fine of ₹3.3 lakh.
According to the CBI, the case was registered in June 2018 following a complaint from the bank’s head office in Dehradun. The fraud dates back to 2014–15, when the accused branch manager allegedly conspired with a private tractor dealer, M/s K.G.N. Tractors and Equipments, Bazpur, to fraudulently sanction and disburse KCC crop loans and agricultural term loans in violation of banking norms.
Investigators found that crop loans were misused as margin money for agricultural term loans, and the sanctioned funds were routed to the tractor dealership. However, no agricultural machinery was actually purchased, resulting in a financial loss of ₹3,39,94,657 to the bank.
The CBI filed its charge sheet against the accused on December 24, 2018, after completing the investigation.
Following the trial, the special CBI court held all 12 accused guilty and pronounced the sentences accordingly, marking a significant conclusion to the long-running bank fraud case.
