Home CRIME Man arrested by Odisha EOW for defrauding bank of Rs 1.8 cr

Man arrested by Odisha EOW for defrauding bank of Rs 1.8 cr

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Reported by Santosh Jagdev
Bhubaneswar, July 22:

The Economic Offences Wing (EOW) of Odisha Crime Branch (CB) today arrested and forwarded to a local court here a person for his alleged involvement in a case of Rs 1.08 crores bank fraud case.
Ashutosh Mishra, IOB Case

The accused, identified as Asutosh Mishra (34) of Chhapada under Tirtol police limits in Jagatsinghpur district, was booked under sections 420, 467, 468, 471, 406, 120-B of IPC, EOW sources said.

According to CB DIG Rajesh Kumar, the case was registered on the basis of a written report lodged by Chief Regional Manager of Indian Overseas Bank (IOB), Bhubaneswar at the EOW office on May 9 this year.

In his complaint, the manager had informed that Asutosh had availed credit facilities from IOB, Rasulgarh branch to the tune of Rs 1 crore for Haldiram’s dealership business in two stages by falsely claiming to be the proprietor of a firm M/s P C Enterprises and falsely giving its address as plot no.- 216, Bomikhal in the city .

The accused had taken the amount in two installments on October 25, 2010 and July 4, 2011 by fraudulently mortgaging the property at plot no.-435/1883 of Patia Mouza under Chandrasekharpur police limits in the name of one Krushna Prasad Mishra as security, the report added.

The accused also availed a car loan for Rs 8 lakh on November 1, 2010 on the basis of forged and fabricated documents. Later he defaulted in repayment of loan, the DIG added.

During investigation, it was found that the aforesaid firm was actually in the name of Smt Smrutimayee Das, who was the original stockist for Haldiram’s products, the DIG said, adding, the accused had also arranged one person, who impersonated Krushna Prasad Mishra (who died in 1994) ansd stood as guarantor for Asutosh.

“Asutosh was arrested yesterday. We have seized one four wheeler, five mobile phones, one spy pen camera and cash of Rs 15,210 from the accused. Involvement of bank officials is being investigated,” the DIG added.