Odisha Channel Bureau Paradip, Nov 18: Economic Offence Wing of the Crime Branch of Odisha police Tuesday took into custody five persons in connection with a Rs.2.96 crore fraud perpetrated in a rural bank two years ago.The fraud was carried out for sanction and disbursal of loans to 148 borrowers during 2011-12.As many as 148 loans had been sanctioned and disbursed to as many borrowers in Bilahat branch of Cuttack Gramya Bank in Jagatsinghpur district.The loan disbursal and sanction process had been fraudulently as the loanees either submitted forged credentials or fake land records of rights.“The bankers had entered into criminal conspiracy with the ineligible borrowers and had perpetrated the fraud to the tune of Rs 2.96 crore,” said Additional Superintendent of Police, Economic Offence Wing of State crime branch police, Rajendra Pattnaik. Interestingly, five borrowers arrested today had posed themselves as teachers of government-run schools and had submitted fake credentials and records to avail of the loans.The bankers acting hand in glove with the accused persons had deliberately ignored the fake credentials, Pattnaik said.The arrested persons – Santosh Biswal, Dillip Hota, Narahari Jena, Prakash Rath, Bibekanand Biswal – booked under Indian Penal Code sections 420 (cheating), 467 (forgery), 468 (Forgery for purpose of cheating), 471 (using as genuine a forged document), 409 (criminal breach of trust) were remanded to judicial custody.Earlier, the crime branch economic wing sleuths had uncovered the fraud and had arrested five persons including Prakash Biswal, the then manager of the bank.
November 18, 2014
November 18, 2014
0 Comment
Related Articles:
- 5T Secretary reviews progress on CMO district visit grievance redressal
September 13, 2023, 11:47 am
- Patnaik announces Rs 10 lakhs each to Asian Game qualified Odisha athletes
September 13, 2023, 8:13 am
- Odisha CMO reviews grievances related to industrial development
September 12, 2023, 1:10 pm
- Odisha accelerates economic growth with approval of 9 key industrial projects
September 12, 2023, 4:02 am
- Odisha government is committed to welfare of animals: Patnaik
September 8, 2023, 4:18 pm
- Naveen Patnaik felicitates visually-challenged cricket players
September 8, 2023, 2:59 pm
- Odisha panchayat polls: Landslide victory for BJD, BJP distant second
March 1, 2022, 12:33 pm
- Hemananda Biswal: An inspiration for tribal leaders of Odisha
February 26, 2022, 5:17 am
- Hemananda Biswal passes away, to be cremated at his native place
February 26, 2022, 5:10 am
- Urban civic polls in Odisha to be held on March 24
February 25, 2022, 6:03 pm
Breaking News:
- Cathie Wood Just Bought 5 Million Shares of Archer Aviation. Should You Follow Her Lead While The Stock Trades Below $10?
December 21, 2024, 9:18 am - Senate passes Social Security benefits boost for many public service retirees
December 21, 2024, 1:48 am - Homeowner ends up in jail after calling police to remove squatter living inside her house
December 21, 2024, 12:46 am - Elon Musk Crashing Trump’s Jeff Bezos Dinner at Mar-a-Lago Mocked as ‘Deranged’
December 21, 2024, 12:34 am - New damage delays I-40 reopening in North Carolina closed by Helene
December 21, 2024, 12:34 am - ‘This stops now’: DC mother speaks out after teacher posts video of her son with offensive caption
December 21, 2024, 12:00 am - NTSB trying to determine why tractor-trailer stopped on train tracks before deadly West Texas crash
December 20, 2024, 11:53 pm - Maine Republicans take aim at public advocate nominee
December 20, 2024, 11:46 pm - What we know about the suspect in deadly car crash at German Christmas market
December 20, 2024, 10:35 pm - Oregon sheriff concerned about letters asking people to track possible immigrants
December 20, 2024, 10:13 pm