EOW arrests 22nd accused in Rs 2.26cr fraud

Also Read

Textile park in Bolangir soon: CM

3 hours ago

Deep Ear: Mayurbhanj innovator develops AI system to save forests

3 hours ago

Bhubaneswar: The economic offences wing (EOW) of the state Crime Branch Tuesday arrested one accused in a `2.26 bank fraud case.
The accused has been identified as Rabindra Kumar Nayak, 50, of Bebartapalli Village in Nayagarh district. He was produced before the SDJM court at Cuttack Tuesday.
Pranab Kumar Ray, senior manager at the Nayasarak
Branch of the Allahabad bank in Cuttack, had lodged a complaint with the department in connection with a loan scam at his branch.
According to the complaint, around 85 persons availed loans to the tune of `2.26 crore from the Allahabad Bank under “Sarala loan” scheme during December 2009 to March 2010.
The accused debtors forged the documents in collusion with one Rabindra Kumar Jena, the establishment officer in the office of Chief Engineer, Drainage, at Gandarpur of Cuttack district.
On October 5, 2012, EOW registered a case (01/12) under sections 419, 420, 468, 4781 and 34 of the IPC in this regard.
Investigation by EOW sleuths found that the accused had availed around `3 lakhs by impersonating as draughtsman in the office of the Chief Engineer, Drainage.
Earlier, 21 accused persons were arrested by the department and produced before the court, out of whom 19 are now on bail. Meanwhile, the court has convicted the main accused, Rabindra Jena, in the case, while trial in respect of others are sub judice.