Lucknow: In a major breakthrough in the multi-crore embezzlement case at the Bank of Baroda Mohan Road branch, the Para Police Station has arrested three more accused, including the wife and mother of the prime accused, Bank Mitra Shiva Rao. The arrests mark significant progress in unraveling what investigators describe as a large-scale financial fraud involving forged documents and fraudulent transactions.
Case Background
The case was registered on January 16, 2026, after complainant Ram Singh Yadav, along with 24 other victims from Lempur Pataura village under Para police limits, alleged that the Bank Mitra posted at the Bank of Baroda branch located within Shakuntala Mishra University premises had colluded with certain bank employees. They accused them of siphoning off money from their accounts and properties through forged documentation and fraudulent financial manipulation.
Based on the complaint, FIR No. 39/2026 was registered under multiple sections of the Bharatiya Nyaya Sanhita (BNS). During the course of investigation, the number of victims reportedly crossed 100, indicating the massive scale of the alleged fraud.
Modus Operandi and Financial Trail
Police investigations revealed that the main accused, Shiva Rao, allegedly diverted embezzled funds into the bank accounts of his family members and close associates to conceal the money trail. Authorities found suspicious transactions exceeding ₹12 crore in the accounts of the newly arrested accused.
Earlier, Shiva Rao and his associate Deepak Kumar had already been arrested and sent to jail.
Arrested Accused
The three individuals arrested in the latest action are:
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Vikas Kumar (24) – Resident of Narauna village, Kakori, Lucknow; reportedly worked at Shiva Rao’s shop.
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Bhagyawati Rao (29) – Wife of Shiva Rao; resident of Imtiaz Colony, Saripura Alamnagar, Rajajipuram, Lucknow.
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Kara Nirmala (54) – Mother of Shiva Rao; resident of the same address in Rajajipuram.
Legal proceedings against the arrested accused are currently underway.
Recoveries Made
Police have recovered substantial assets allegedly purchased using the embezzled funds, including:
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₹47,060 in cash
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Large quantities of gold chains, rings, earrings, and silver utensils and coins
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Three Android mobile phones
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One Lenovo laptop
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One Epson printer allegedly used for preparing forged documents
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A Renault Kiger car (Registration No. UP32MX 1261)
Ongoing Investigation
Given the magnitude of the embezzlement and the complex financial transactions involved, investigators are now examining the role of other suspicious account holders and potential involvement of additional bank officials or employees. Police officials indicated that further arrests and legal action are likely in the coming days.
Police Team Behind the Operation
The successful operation was carried out by a dedicated team from Para Police Station under the leadership of Inspector Suresh Singh, along with senior and sub-inspectors and constables of the Lucknow Police Commissionerate.
Officials reaffirmed their commitment to ensuring strict action against financial fraud and safeguarding the interests of innocent account holders.
