CBI Probes ₹99.48 Lakh Scholarship Diversion Involving Ex-Bank Manager and College Officials

The CBI has registered a case against a former UCO Bank manager and five officials of a private management college in Bhopal for allegedly diverting nearly ₹99.48 lakh in government scholarships through fake bank accounts opened without students' knowledge. The case follows a complaint by a UCO Bank official about irregularities at the Habibganj branch. The CBI FIR alleges forged signatures, bypassed KYC procedures, and conspiracy between bank and college officials. The investigation is ongoing.