By TC News Desk
Agartala, 6th September 2025: Agartala Municipal Corporation (AMC) Mayor Dipak Majumdar has publicly accused UCO Bank of negligence in connection with a 16 crore financial fraud, asserting that no AMC employee was involved in the scam. The Mayor made the statement during a site inspection in Ward No. 11, where he reviewed ongoing drainage work under the Smart City Project aimed at mitigating waterlogging across the city.
Speaking to reporters, Majumdar said the scam came to light following the release of UCO Bank’s monthly report, which revealed that 16 crore had been siphoned off in four separate transactions. He alleged that a Hyderabad-based organization orchestrated the fraud and reiterated that the corporation’s internal staff had no role in the incident. “There was no fraud within the Municipal Corporation. Whatever happened, it was done by the bank,” Majumdar stated, calling for a thorough investigation into the matter.
The Mayor’s remarks come amid a broader probe by Tripura Police, who are investigating the use of cloned cheques to withdraw funds from AMC’s account at UCO Bank between August and September. Preliminary findings suggest that forged cheques bearing authentic-looking signatures were used to facilitate RTGS transfers to multiple companies across states.
During his visit to Ward No. 11, Majumdar was accompanied by officials from AMC, the Public Works Department, and the Smart City Project. He directed teams to expedite the completion of drain-covering work before the upcoming Puja festivities, emphasizing inter-departmental coordination to resolve the city’s chronic waterlogging issues.
The scam has sparked concerns over banking oversight and internal security protocols, with investigators examining CCTV footage and questioning officials from both AMC and UCO Bank.
