Former Manager Among Four Arrested In Bank Fraud Case

By OB Bureau On Nov 10, 2018

Bhubaneswar: The Economic Offences Wing (EOW), Bhubaneswar, arrested an ex-bank manager and three other persons in connection with a bank fraud case and sent them to the SDJM court on Saturday.

The accused have been identified as Prasanna Kumar Jena, ex-branch manager, Odisha Gramya Bank, Rasulgarh Branch, Bikram Keshari Pradhan, Rajalaxmi Pradhan and Madan Mohan Pradhan. They have been charged under Sections 420/406/467/468/471/120-B of the IPC.

The case was registered on the written report of Debadutta Nanda, Regional Manager, Odisha Gramya Bank, Pipili. He alleged that these persons availed loans of Rs 2.02 crores for purchasing Tata Hyva vehicles and one Scorpio by submitting forged fabricated documents.

They misappropriated the loan amount without purchasing any vehicle in

connivance with the branch manager, Prasanna Kumar Jena. Investigation revealed that the accused, Bikram Keshari Pradhan along with his wife and brother-in-law entered into criminal conspiracy with Jena to defraud the bank.

Pradhan had availed two loans, one of Rs 41.70 lakh and another of Rs 36 lakh for purchasing two Tata Hyva vehicles, his wife, Raja Laxmi Pradhan had taken a loan of Rs nine lakh for purchasing a Scorpio.

Similarly, Madan Mohan Pradhan had taken a loan of Rs 40 lakh to purchase two Tata Hyva vehicles.

EOW