EOW Arrests Man For Misappropriation Of Rs 5.5 Crore In Bhubaneswar

Bhubaneswar: The Economic Offences Wing (EOW) has arrested one person from Bhubaneswar for allegedly duping a man of Rs 5.5 crore.

The EOW, Bhubaneswar had registered a case on the basis of a complaint filed by one Nisharani Mohapatra against the arrested person Rajeev Lochan Das and others for taking the loan fraudulently by showing forged document, according to a release of EOW.

The complainant alleged that Das, who was one of the directors of Lumex Resources Pvt Ltd, had taken a loan of Rs 5.5 crore from him in 2019 by showing some forged documents. After availing the loan fraudulently, the  accused did not repay the loan amount after some initial repayments and finally stopped repayment. Das
misappropriated the amount by not utilising the same for the purpose for which the loan was taken.

During investigation, the EOW has seized some incriminating document like agreements and e-mail correspondences from the accused. The EOW arrested Das Under IT Act and produced him before the Court of SDJM, Bhubaneswar on Tuesday. Further investigation into the case is on.