27/07/2026
๐๐ฉ๐๐ฃ๐๐๐๐ง ๐๐ค๐ก๐๐๐ ๐ฝ๐ช๐จ๐ฉ โน3.23 ๐พ๐ง๐ค๐ง๐ ๐๐ค๐ซ๐๐ง๐ฃ๐ข๐๐ฃ๐ฉ ๐๐ช๐๐จ๐๐๐ฎ ๐๐ง๐๐ช๐, ๐๐ญ-๐ฝ๐๐ฃ๐ ๐๐๐ฃ๐๐๐๐ง ๐๐๐ก๐
Itanagar: On 09.07.2026, Itanagar Police received a written complaint alleging that the complainant had been cheated by Shri Vivoto V. Zimo, former Branch Manager, Central Bank of India, Ganga Branch, Itanagar, of โน2,50,000 of his own money and โน2,00,000 being the subsidy amount due to him under the Atmanirbhar Pashupalan Yojana (ANPPY). Acting promptly on the complaint, Itanagar Police Station Case No. 186/2026 under Sections 316(5) and 318(4) of the Bharatiya Nyaya Sanhita, 2023 was registered and investigation was immediately taken up.
During the course of investigation, it emerged that the complaint was not an isolated incident. Investigation has so far revealed that the accused allegedly adopted a systematic modus operandi to cheat beneficiaries of the Atmanirbhar Pashupalan Yojana (ANPPY) and the Deen Dayal Upadhyaya Swavalamban Yojana (DDUSY). As of now, 18 victims have been identified and the amount allegedly cheated has been found to be approximately โน3,23,70,000.
Upon learning that the accused had absconded from Itanagar and was residing at Dimapur, Nagaland, a police team immediately proceeded to Dimapur and arrested him on 15.07.2026 after following due legal procedure.
Investigation has revealed that beneficiaries approaching the bank for loans under Government subsidy schemes were allegedly made to open bank accounts and were directed to deposit substantial amounts in the name of margin money, although the amount demanded was far in excess of the actual margin prescribed under the respective schemes. The accused would thereafter create Fixed Deposits (FDs) from the deposited amount and sanction loans against those FDs. Based on such loans, proposals were forwarded to the Lead Bank for release of Government subsidy.
During the process of opening the bank accounts and completing banking formalities, the accused allegedly obtained the signatures of beneficiaries on withdrawal slips and other banking instruments under the false representation that they were routine documents required for processing the loan. After the loan amount and Government subsidy were credited into the beneficiariesโ accounts, the accused allegedly used those pre-signed withdrawal slips to withdraw the money without the knowledge or consent of the account holders.
The investigation has further revealed that the withdrawn funds were routed through multiple mule bank accounts before ultimately reaching two bank accounts operated by the accused. From there, the money was allegedly invested in cryptocurrency trading platforms and share market applications. Investigation indicates that the accused suffered substantial losses in these speculative investments and was consequently unable to repay the victims. It has also emerged that the accused allegedly advanced more than โน50 lakh to various persons as private loans on interest.
Apart from the above transactions, investigation has also brought to light two additional instances of alleged cheating. In one case, the accused allegedly induced a victim to deposit โน1 crore as a Fixed Deposit and thereafter dishonestly misappropriated the amount. In another case, the accused allegedly cheated a different victim of โน35 lakh on other false representations. Investigation into both these transactions is presently underway to establish the complete facts and trace the movement of the funds.
Investigation is continuing to identify additional victims, trace the complete money trail, identify all mule accounts and beneficiaries of the diverted funds, ascertain the role of any other bank officials or private persons involved in the conspiracy, recover the proceeds of crime, and take further legal action in accordance with law.
Capital Police congratulates the investigation team led by Inspector Techi Nega, Officer-in-Charge, Police Station Itanagar; SI Inya Tato, Investigating Officer of the case; and Constable Sandeep Yadav, under the supervision of Shri Chera Saban, APPS, SDPO Itanagar, for their prompt investigation, successful apprehension of the accused before he could evade the process of law, and for uncovering what appears to be a large-scale financial fraud affecting beneficiaries of Government welfare schemes.
Capital Police further appeals to any person who may have been cheated by Shri Vivoto V. Zimo, former Branch Manager, Central Bank of India, Ganga Branch, Itanagar, in connection with any Government subsidy scheme, Fixed Deposit, loan transaction or any other banking transaction, to come forward and report the matter to Police Station Itanagar with all available documents. Information received from such persons will be duly examined as part of the ongoing investigation. Their cooperation will assist the police in identifying all victims, tracing the complete proceeds of crime and ensuring that all persons responsible are brought to justice.
The Superintendent of Police, Capital, advises all beneficiaries of Government subsidy and loan schemes to carefully read and understand the official guidelines of the schemes before depositing any money or signing any banking document. Members of the public are advised never to sign blank withdrawal slips, withdrawal forms or other financial instruments and to immediately report any suspicious demand or irregularity to the concerned authorities or the nearest police station. Public awareness and vigilance remain the strongest safeguards against such financial frauds.
Investigation is continuing. Further legal action shall be taken as additional evidence is collected during the course of investigation.
