Odisha Sun Times Bureau
Bhubaneswar, Oct 1:
A man accused of cheating banks in Odisha to the tune of Rs 7 crore has been sent to jail today. Economic Offences Wing (EOW) had arrested the absconding accused Somanath Adhikari from Indira Gandhi International Airport in New Delhi on Thursday evening in connection with two bank fraud cases.
The accused was produced before Sub Divisional Judicial Magistrate (SDJM) Court here today.
Acting on reliable information, the EOW officials rushed to New Delhi and nabbed Adhikari soon after landing in the airport from Mumbai, who was on the run since last four years. After arrest, he was produced before a local Court on Friday and brought here the same evening.
Notably, Adhikari had cheated State Bank of India (SBI) and HDFC Bank to the tune of Rs 7 crore.
Adhikari, a resident of Lalbazar, in Mayurbhanj district applied for cash credit loan from SBI SMECCC Branch, Bhubaneswar in 2007 by furnishing fake documents such as electricity bill, voter ID card, rent and holding tax receipts to cheat the bank.
He also produced fake guarantor who impersonated as genuine and obtained cash credit loan of Rs 1.5 crore. He could also secure a bank guarantee of Rs 10 lakhs and adhoc over draft facility of Rs 15 lakh from the bank. Subsequently, he did not pay dues and the account was turned as non performing assets (NPA) on 30 November 2008, said an EOW official.
Again in 2007, Adhikari availed loan from erstwhile Centurion Bank of Punjab Ltd which subsequently merged with HDFC Bank. Accused availed loans of Rs 5.25 crore from the bank on the basis of fake documents and did not repay the loan amount.
Earlier, three accused— Jata Sahoo, fake guarantors Pitabash Behera and Mamata Kandi— were arrested and forwarded to court in connection with these cases.