CBI Registers ₹5.85 Crore Mizoram Bank Embezzlement Case Against Former Assistant Grade-II

Imphal: The Central Bureau of Investigation (CBI) Anti-Corruption Branch, Imphal, has registered a Regular Case (RC 0212026 A 0004) against Smt. C. Vanlalsawmi, the then Assistant Grade-II of Mizoram Co-operative Apex Bank Ltd., Head Office, Aizawl, under Section 13(2) read with 13(1)(a) of the Prevention of Corruption Act, 1988 (as amended in 2018) and Section 316(5) of the Bharatiya Nyaya Sanhita, 2023.

The case involves the alleged criminal breach of trust and criminal misconduct by a public servant, resulting in the misappropriation of bank funds amounting to ₹5,85,68,848 (Rupees Five Crore Eighty-Five Lakh Sixty-Eight Thousand Eight Hundred and Forty-Eight only) during the period from January 13, 2023 to October 21, 2024.

Massive Fund Misappropriation Alleged

According to the FIR, Smt. C. Vanlalsawmi, while working as Assistant Grade-II at the bank’s Head Office in Tuikual, Aizawl, allegedly dishonestly and fraudulently misappropriated bank funds. The initial complaint by the bank’s Chief Executive Officer, Sh. A. Lallungmuana, reported a loss of ₹2,88,44,989. During the subsequent investigation by the state police, the CEO informed investigators of an additional ₹2,97,23,859 allegedly siphoned off by the same accused, taking the total embezzlement to ₹5.85 crore.
The place of occurrence is the Head Office of Mizoram Co-operative Apex Bank Ltd., Tuikual, Aizawl.

CBI Takes Over State Police Case

The case was originally registered by the Aizawl Crime & Economic Offences, CID (Crime) Police Station as FIR No. 01/2025 dated January 21, 2025, under Section 316(5) of the BNS, 2023. Following notifications issued by the Government of Mizoram under Section 6 of the Delhi Special Police Establishment (DSPE) Act, 1946 (vide C.13015/47/2025-Vig dated October 30, 2025 and corrigendum dated January 22, 2026) and the Government of India under Section 5 of the DSPE Act, 1946 (vide No. 110/N & SMC/2026 dated February 23, 2026), the CBI has formally taken over the investigation.

The certified copy of the state police FIR, along with the relevant government notifications, has been enclosed with the CBI FIR.

CBI Action

The CBI FIR was registered at 10:40 hrs on March 9, 2026, based on the written complaint of Sh. A. Lallungmuana. A regular case has been registered and the investigation has been entrusted to Shri Amitabha Ghosh, Deputy Superintendent of Police, CBI, ACB, Imphal.

The FIR was signed by Shri Sunil Kumar Kesla, Deputy Superintendent of Police, CBI, ACB, Imphal, who is the officer-in-charge. The complainant’s statement was read over and a free copy of the FIR was provided to him.

Background and Significance

Mizoram Co-operative Apex Bank Ltd. is the apex cooperative bank in the state, handling significant public funds. The alleged multi-crore scam by a bank employee has raised serious concerns about internal controls and financial oversight in the state’s cooperative banking sector.

This is the latest high-value corruption case being probed by the CBI in the North-East region. No arrest has been reported so far. The investigation is in its initial stages, and further details regarding the modus operandi, recovery of funds, or involvement of other persons are expected to emerge during the probe.

The accused, Smt. C. Vanlalsawmi, a resident of Chawlhhmun, Aizawl, has not issued any statement as yet. The CBI has not commented on the progress of the case beyond confirming the registration of the FIR.

The case has been forwarded to the competent court for necessary action.