Kolkata Police arrests bank loan agent from Kankurgachi for Rs 6 crores fraud

Kolkata Police arrests a 53-year-old bank loan agent who played mastermind behind a massive Rs 6 crore bank fraud that had been running since 2023. Ghanashyam Gupta, a Direct Selling Agent (DSA) for AU Small Finance Bank, was arrested up from his Kankurgachi home on 5th December friday night after Lalbazar's Bank Fraud Department discovered he secretly pocketed huge part of the cheated money. The scam was simple yet bold: fraudsters created fake property papers, used to grab a cash credit facility, then quickly moved the money through several accounts before vanishing without repaying a single amount.

Kolkata Police confirm Gupta personally guided the two main accused on how to forge documents and get the loan approved fast because he worked as an official middleman for the same bank. Besides his regular commission, lakhs of rupees from the stolen Rs 6 crores landed straight to his personal accounts as “reward” for making the fraud possible. Earlier two FIR-named accused had already been arrested. Once police dug deeper into bank statements and call records, Gupta’s name surfaced as the hidden link that tied everything together.

The arrest has sent shock waves through Kolkata’s loan-agent community, with many fearing more raids in the coming days. For AU Small Finance Bank, already struggling to recover the money, this arrest brings fresh hope of tracing the missing crores. Meanwhile, ordinary customers are left wondering how safe their savings really are when even trusted agents turn into crooks.