Home ODISHA LATEST Odisha EOW arrests 5 in bank fraud case

Odisha EOW arrests 5 in bank fraud case

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Reported by Santosh Jagdev

Bhubaneswar, June 28:

The Economic Offences Wing (EOW) of the Odisha Crime Branch police has arrested five persons, including the then branch manager of the Sakshigopal branch of the State Bank of India (SBI) in a bank fraud case to the tune of Rs 1.17 crore, sources said.

Picture by: Biswaranjan Mishra
Picture by: Biswaranjan Mishra

The arrested accused had conspired to fraudulently get 52 personal loans amounting to Rs 1.17 crore sanctioned and later distributed it among themselves between 2003 and 2006, EOW sources said.
The arrested accused were identified as Jogesh Chandra Nahak (ex-branch manager of SBI, Sakhigopal branch), Umesh Chandra Kar (ex-field officer, SBI Sakhigopal branch at present posted at deputy manager, SBI, regional business office, Baripada), Swetambar Jena (Sr. Technician, East Coast Railways) and Bhagaban Behera (shunting master, E.Co Railways).
The accused were booked under section 419, 420, 467, 468, 471, 120-B of IPC and forwarded to the local court today.
According to DIG Crime Branch Rajesh Kumar, acting on a complaint filed by Regional Manager, SBI, Bhubaneswar alleging that a fraud had taken place during 2003-2006 in the sanction and disbursal of 51 fake personal loans to the tune of Rs 1.17 crores in Sakshigopal branch of SBI of Puri district, the accused were nabbed yesterday.
The accused persons joined hands in a criminal conspiracy to get loans sanctioned and disbursed by producing forged documents, salary certificates and undertakings from the DDOs and showing the beneficiaries as employees of East Coast Railways.
Doubts about the loan accounts were raised when the loanees consistently defaulted on payment. In due course, the matter reached the Regional Manager SBI Bhubaneswar, who then filed a case in this regard last year.
“Investigation of the case is on,” the DIG said, adding, “Earlier we had nabbed three accused, including an ex-field officer of SBI, Sakhigopal branch, for their alleged involvement in the fraud case”.