ED seeks conviction of six for siphoning ₹1.29 crore from PNB Muzaffarpur

The Directorate of Enforcement (ED), Patna Zonal Office filed a Prosecution Complaint before the Special Court (PMLA), Patna, seeking the conviction of six individuals for money laundering related to a bank fraud at Punjab National Bank (PNB), Muzaffarpur.

Who it concerns: The document concerns the Directorate of Enforcement (ED), the Special Court (PMLA) Patna, six accused individuals (Md. Zafar Eqbal, Nitesh Kumar Singh, Santosh Anand, Rajesh Kumar, Manjay Kumar Singh, and Kundan Kumar), Punjab National Bank (PNB) Muzaffarpur, and the victims whose savings accounts were defrauded.

What the ED says it did

• ED filed a Prosecution Complaint on 29/09/2026 seeking conviction of six accused under the PMLA, 2002.
• The investigation was initiated based on two FIRs registered by Bihar Police for cheating and forgery.
• It is alleged that the accused siphoned Rs. 1.29 Crore from victims' accounts at PNB Muzaffarpur using mobile SIM swapping to prevent transaction alerts.
• Nitesh Kumar Singh, an official of PNB, is alleged to have assisted in the fraud.
• ED conducted search operations on 11/12/2025 at four locations and froze Rs. 83 Lakhs in four bank accounts as Proceeds of Crime (PoC).
• The funds were routed to mule accounts and then back to the accused via hawala channels and ATM cash deposits.

Also in the document

• The fraud involved the use of mobile SIM swapping to hide transactions from account holders.
• The investigation is currently under progress.