Nagpur: Pachpaoli Police have registered a case against three individuals accused of defrauding State Bank of India (SBI) customers of over ₹45.23 lakh under the pretense of offering high returns on fixed deposits.
The accused have been identified as Ashish Yashwant Jogey (40), a resident of Dalalu Housing Society, Jaripatka, Nagpur; Swapnil Santosh Lanjewar, who managed the SBI Customer Service Center at Indora Chowk; and Datta Panchal, who assisted the duo in their operations.
According to the police, Ashish Jogey and Swapnil Lanjewar were authorized by the AISECT Companyto run an SBI Customer Service Center in the Pachpaoli area. These centers typically facilitate limited financial transactions for SBI customers. However, between 2019 and February 25, 2025, the accused allegedly conspired to defraud customers.
They falsely claimed that investing in SBI’s fixed deposit scheme through their service center would yield 10% returns, higher than standard market rates. Misleading customers, they collected cash amounts and issued fake receipts bearing the SBI logo. Despite the maturity period ending, the accused failed to return the promised amounts to the investors.
As a result, Sangeetakumari Bigambarsingh Katoch (55), a resident of Gurunanak Nagar, Lashkaribagh, Nagpur, along with 35 other victims, collectively lost a total of ₹45,23,350.
Based on Katoch’s complaint, Pachpaoli Police Station Inspector Haresh Kalsekar registered a case under Sections 318(4), 336(2), 336(3), 338, 340(2), and 61(2) of the Indian Penal Code, along with Sections 3 and 4 of the Maharashtra Protection of Interests of Depositors (In Financial Establishments) Act.
Police have apprehended Ashish Jogey, and further investigation is underway.
Police Appeal to Citizens:
Pachpaoli police have urged citizens to come forward if they have invested in fixed deposits through the SBI Customer Service Center at Indora Chowk and faced similar fraud. Victims are encouraged to contact the Pachpaoli Police Station to file complaints.
Additionally, police have advised citizens to thoroughly verify the credibility of individuals or institutions before investing in any financial schemes. Ensuring the entity has proper authorization under government regulations is crucial to safeguarding against such fraudulent activities.
