Bhubaneswar: The Economic Offences Wing (EOW) of the Crime Branch on Tuesday arrested a person in a bank fraud case.
The fraudster has been identified as Bijaya Kumar Pradhan (43). He belongs to Bagha Ragodi village under Konark police limits in Puri district.
He was arrested for fraudulently availing a loan to the tune of Rs 2.02 crore.
According to sources, the accused, along with his close relatives, availed the loan from Odisha Gramya Bank for purchasing two vehicles by submitting forged and fabricated documents.
A case has been registered against him on the basis of the complaint of Odisha Gramya Bank Regional Manager Debadutta Nanda.
The investigation revealed that Bijaya, along with his brother Bikram, sister-in-law Rajalaxmi and her brother Madan Mohan Pradhan entered into a criminal conspiracy with the Branch Manager, Prasanna Kumar Jena to defraud the bank.
While availing the loans they had submitted forged documents such as RC book and insurance papers and misappropriated the loan amount without purchasing the vehicles.
Earlier, the former branch manager of Odisha Gramya Bank, Rasulgarh Branch, Prasanna Jena, Bikram, his wife Rajalaxmi and Madan Mohan Pradhan were arrested on November 10, 2018.
Bijaya was arrested on Tuesday and forwarded to SDJM court, Bhubaneswar. Further investigation into the case is in progress, EOW informed.