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Ex SBI officer among 3 arrested for loan fraud


Reported by Santosh Jagdev

Bhubaneswar, Jan 16:

bank fraud

The Economic Offences Wing (EOW) of the State Crime Branch (CB) today claimed to have arrested three persons, including a retired field officer of the State Bank of India (SBI)’s Sakhigopal branch, in connection with a bank loan fraud case yesterday.

“On Wednesday, we arrested three persons for criminal conspiracy in getting the loans sanctioned and disbursed fraudulently. Investigation is on to nab others involved in the fraudulent case,” CB DIG Rajesh Kumar said today.

The accused were identified as Saikh Sadaquat Ali of Binjharpur in Jajpur district, a former field officer of SBI, Sakhigopal branch, Rajat Kumar Mohanty alias Swain of Retanga Colony in Jatni and Krushna Chandra Mohapatra of Itipur under Lingaraj police station at present staying at Sakhigopal Railway colony.

The CB has registered a case (no.-29/13) in the case and has booked the accused under section 419, 420, 467, 468, 471, 120-B of IPC. They were forwarded to the court today.

According to Kumar, the fraud came to light after the Regional Manager of the SBI, Bhubaneswar lodged a complaint with the CB on November 5 last year.

The Regional Manager, in his complaint, alleged that a fraud had taken place during 2003-2006 in the sanction and disbursement of 51 fake personal loans amounting to Rs 1.17 crores in Sakhigopal Branch of SBI in Puri district, said the DIG adding the loanees had taken Rs 30,000 to Rs 1 Lakh each from the bank.

“During our investigation, we came to know that the retired field officer Shaikh, the mastermind in the case, had roped in 14 East Coast Railways employees, including Rajat and Krushna, among 51 fake persons to avail loans fraudulently,” said Kumar. The railway employees in whose name the loans were sanctioned were also fake, he added.

“It was found that the 14 railways employees in whose name the loans were sanctioned had submitted false salary certificates and forged undertakings from the DDOs, which were later passed by the field officer Shaikh,” informed the DIG.

The case would perhaps have remained under wraps for some more time had it not been for the fact that the loanees defaulted on payment of instalments.