Shillong: Assam Police CID agents tracked down and arrested Ramen Saikia at his Birubari home in Guwahati. The arrest follows a 40 lakh bank fraud investigation. Saikia, also known as Jaan Saikia, faces charges linked to vehicle loans from Canara Bank branches across the city. He is the son of Dhaneswar Saikia.
A complaint from the Ulubari branch senior manager triggered the probe. Between February and June 2023, the bank approved four separate vehicle loans of 8 lakh each. The names on those files were Juri Mahanta Saikia, Madhuparna Choudhary, Leline Rabha, and Samudra Jyoti Kashyap. The Amingaon branch also issued an 8 lakh loan under the MSME Vahan Scheme directly to Jaan Saikia for a commercial vehicle.
The scheme relied on fake paperwork. Investigators found forged vehicle quotations from M/S Ramnarayan Shiprasad, an authorized dealer based in Jorhat. Saikia allegedly used bogus Registration Certificates and insurance papers to secure the funds. The bank internal audit flagged the mess once the accounts turned into Non-Performing Assets. Officials then alerted the CID.
The CID continues to dig into the network behind the scam. They are hunting for accomplices who helped pull off the document fabrication. As officials noted, "The investigation remains underway, with the CID examining the alleged role of other individuals and attempting to establish the full extent of the suspected financial fraud and the network allegedly involved in obtaining the loans."
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