Photo Courtesy: India Today Group
Guwahati: Assam CID detectives grabbed Ramen Saikia at his Birubari home on October 6. They link the Guwahati man to a 40 lakh vehicle loan scam hitting Canara Bank. Saikia, also known as Jaan Saikia, allegedly faked documents to swindle bank branches across the city.
The trouble started when loan accounts suddenly flipped to non-performing assets. A formal complaint from the bank’s Ulubari branch manager triggered the probe. Between February and June 2023, the bank issued four separate 8 lakh loans to Juri Mahanta Saikia, Madhuparna Choudhary, Leline Rabha, and Samudra Jyoti Kashyap. The Amingaon branch handed out a fifth 8 lakh loan to Jaan Saikia himself under the MSME Vahan Scheme to buy a Mahindra Bolero BS6 commercial vehicle.
The scheme relied on dirty paperwork. Investigators claim Saikia submitted forged vehicle quotes from M/S Ramnarayan Shiprasad, a Mahindra dealer in Jorhat, alongside fake registration and insurance files. "The enquiry allegedly found that Saikia, along with his associates, had submitted forged vehicle quotations, Registration Certificate (RC) copies, insurance documents and other supporting papers to the concerned Canara Bank branches," bank officials stated in the complaint.
CID officers are currently hunting for the rest of the crew. They want to expose the full network behind the 40 lakh heist. Saikia, son of Dhaneswar Saikia, remains in custody while the investigation widens.
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