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Five of a family convicted by CBI court in Odisha for loan fraud

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Bhubaneswar: A special court in Odisha capital today convicted five members of a family for availing housing loan with forged documents.

Special CBI Chief Judicial Magistrate (CJM) Court here sentenced five members – husband, wife and three sons – to three years rigorous imprisonment and imposed Rs 10, 000 fine each and in default to undergo three more months of rigorous imprisonment.

They have been identified as husband-wife duo Batakrushna Mishra and Banaja Mishra; their three sons – Debadutta Mishra, Bibhudutta Mishra and Prabhudatta Mishra.

Notably, the Mishras had availed a loan of Rs 20 lakh from Chandrasekharpur branch of Union Bank of India in 2002.

While Banaja Mishra was the principal applicant, the remaining four were the co-applicants.

To avail the loan, they had submitted forged documents which were detected during bank’s internal audit in 2004. Subsequently, the case was handed over to CBI for investigation.

A case was registered and the accused were charge sheeted.

During trial, the central investigating agency established the role of the accused in fraudulently availing the loan.

As many as 21 witnesses were examined and were found guilty under Sections 420, 471 and 120 B of IPC.

Worth mentioning, the same court in July 31 this year had sentenced them to three years’ RI and imposed a fine of Rs 10, 000 each and three additional months in default in a similar case of Rs 15 lakh availed by Batakrushna Mishra and his wife from the UCO Bank branch in Ashok Nagar. This apart, the couple’s three sons also availed a loan of Rs 9.25 lakh by submitting false record of rights (ROR), forged sale deed, BDA plan and Income Tax returns.

One more housing loan fraud is pending against them, sources said.

Notably, the convicts would serve the sentences concurrently.

They are residents of Kapilaprasad under Airfield police station limits.