Who is Amit Jangid? Arrested from Mathura, Key Accused in PNB Gold Loan Fraud

Jhunjhunu/Mathura: The main accused in a multi-crore gold loan scam at Punjab National Bank (PNB) has been arrested. Amit Jangid, the former branch manager of PNB’s Nawalgarh branch in Rajasthan, was taken into custody outside Mathura railway station. His involvement in the scam has raised serious concerns about the security and integrity of the banking system.

The Scam Unfolded in Nawalgarh
The fraud came to light on 3 February when chaos erupted at the Nawalgarh PNB branch during the handover of the gold vault from one employee to another. Investigations revealed that approximately 4.198 kilograms of gold jewelry had gone missing from the branch’s safe. Subsequently, a case was registered against Amit Jangid, the banking correspondent, and the deputy manager.

Arrest Made After Intense Pursuit
Following the scam, Amit Jangid went absconding. Jhunjhunu police formed three special teams to track him down. Using a combination of technical intelligence and field operations, police traced him to Mathura and arrested him outside the railway station. During the arrest, Jangid attempted to flee but was caught by the police team.

Business Correspondent Santosh Saini Also Arrested
The police have also arrested business correspondent Santosh Saini, who is alleged to have colluded with Jangid to execute the fraud. Preliminary investigations suggest that the duo used gold loans and fake accounts to siphon off crores of rupees.

Brought to Nawalgarh for Interrogation
Amit Jangid is being brought to Nawalgarh by Jhunjhunu police for detailed interrogation. Authorities hope that questioning him will uncover crucial leads and help identify other individuals involved in the scam.

Wife Reports Him Missing During Fugitive Period
After the fraud came to light, Jangid went into hiding. On 5 February, his wife filed a missing person report at Gudha Gaonji police station. Police are also investigating who may have assisted him during his absconding period, while piecing together the full chain of the gold loan scam.

The arrest marks a major breakthrough in one of the most significant gold loan frauds in recent banking history, with authorities committed to bringing all perpetrators to justice.