Reading: As a Branch Manager, I oversaw the processing and sanction of a few loans during my tenure. Some irregularities were later discovered, but these loans were eventually closed after follow-up. However, the bank has labelled these cases as fraudulent and filed an FIR against me, despite the borrowers admitting to taking the loans. What will happen to the FIR, and what steps should I take moving forward?

As a Branch Manager, I oversaw the processing and sanction of a few loans during my tenure. Some irregularities were later discovered, but these loans were eventually closed after follow-up. However, the bank has labelled these cases as fraudulent and filed an FIR against me, despite the borrowers admitting to taking the loans. What will happen to the FIR, and what steps should I take moving forward?

Last updated: August 25, 2025 12:58 pm

Apni Law

2 years ago

Law Forum › Category: Banking / Finance › As a Branch Manager, I oversaw the processing and sanction of a few loans during my tenure. Some irregularities were later discovered, but these loans were eventually closed after follow-up. However, the bank has labelled these cases as fraudulent and filed an FIR against me, despite the borrowers admitting to taking the loans. What will happen to the FIR, and what steps should I take moving forward?

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Apni Law Staff asked 2 years ago

As a Branch Manager, I oversaw the processing and sanction of a few loans during my tenure. Some irregularities were later discovered, but these loans were eventually closed after follow-up. However, the bank has labelled these cases as fraudulent and filed an FIR against me, despite the borrowers admitting to taking the loans. What will happen to the FIR, and what steps should I take moving forward?

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Apni Law Staff answered 2 years ago

Based on your explanation, it appears the FIR might be based on a misinterpretation of the situation. While irregularities in loan processing are concerning, the fact that the loans were closed and borrowers admit to taking them suggests the case might be more about procedural lapses than intentional fraud. You should immediately consult with a lawyer to understand the FIR’s implications and explore options for defending yourself, which may include presenting evidence to the police and the bank.