Raipur: The State Economic Offences Investigation Bureau (EOW) and Anti-Corruption Bureau (ACB), Raipur on 13 March 2026 filed a chargesheet before a special court in connection with a ₹2.78-crore embezzlement case at the State Bank of India (SBI). The case relates to the Specialised Currency Administration Branch (SCAB) located in Byron Bazar, Raipur.
The 1,290-page final report, along with supporting documents, has been submitted against Vijay Kumar Ahke, the then Chief Branch Manager of SCAB. The accused is currently lodged in Central Jail, Raipur.
Modus Operandi
Investigations revealed that Ahke misused his official position between 28 August 2024 and 11 June 2025. He allegedly prepared forged vouchers through the computer system to siphon off funds from the Branch General Ledger (BGL) account of the SCAB branch.
To avoid the bank’s High-Value Transfer Alert System, the accused kept each transaction below ₹5 lakh. He used a batch-mode process and rolled over old entries in the BGL account every 30 days, ensuring that controlling officers remained unaware of the actual financial status.
Funds Diverted to Crypto and Trading
According to investigators, the accused transferred the embezzled money through 75 separate transactions into his wife’s bank account. He had linked his own mobile number to that account so that all One-Time Passwords (OTPs) were received directly by him.
The funds were later moved to his personal account via net banking and invested in Delta Exchange, cryptocurrency, and commodity and options trading. These activities resulted in a financial loss of ₹2,78,25,491.96 to the SBI Byron Bazar branch.
Legal Proceedings
Based on digital evidence, seized documents, bank statements, and certified transaction records from the main server, the ACB established Ahke’s involvement in the case.
The chargesheet has been filed under Sections 316(5), 318(4), 338, 336(6), and 340(2) of the Bharatiya Nyaya Sanhita (BNS). Additionally, charges have been framed under Section 13(1)(a) read with Section 13(2) of the Prevention of Corruption Act, 1988 (Amended 2018).
