Sambalpur

Two Bank Officials Arrested For Rs 1.96Cr Agriculture Loan Fraud In Odisha

By
OB Bureau

Bhubaneswar: The Economic Offence Wing (EOW) of the Crime Branch on Wednesday arrested two former employees of Syndicate Bank in Odisha in connection with loan fraud to the tune of Rs 1.96 crore.

The accused have been identified as former branch manager Subash Chandra Dash and former assistant manager Marianus Lakra of Syndicate Bank’s Burla branch in Sambalpur district.

They have been forwarded to the court of the sub-divisional judicial magistrate (SDJM) in Sambalpur today.

According to a complaint lodged by Syndicate Bank’s Regional Manager Chandrakanta Dasmohapatra, Dash and Lakra, who served as branch manager and assistant manager respectively from 2014 to 2016, sanctioned 196 agriculture loans of Rs 1 lakh each to fictitious persons under Syndicate Kisan Card Scheme.

The loans later became non-performing assets causing loss to the bank.

Incriminating documents were seized from their house during raids. Further investigation is underway, the EOW added.

OB Bureau

Recent Posts

Using Unfair Means: 39 Candidates Debarred From JEE Main For 3 Years

New Delhi: Over three dozen candidates who appeared in Joint Entrance Exam (JEE) Main 2024 have…

May 4, 2024

Odisha Elections 2024: 19% LS Candidates In Phase-I Face Criminal Cases

Bhubaneswar: Seven of the 37 candidates (19 per cent) in fray for the first phase…

May 4, 2024

PM’s Visit To Odisha Tomorrow: Bhubaneswar Airport To Raj Bhavan Route Under Tight Security Net

Bhubaneswar: The Commissionerate Police has made elaborate security arrangements in Bhubaneswar during Prime Minister Narendra…

May 4, 2024

Congress Leader’s Burnt Body Found 2 Days After He Went Missing

Chennai: A Tamil Nadu Congress leader had been missing since Thursday. On Saturday, his burnt…

May 4, 2024

Odisha Elections 2024: Known The Richest & Poorest Among Candidates In Fray So Far

Bhubaneswar: Santrupt Misra (58) of BJD is the richest while Pramila Pujari (25) of Socialist…

May 4, 2024

More Than 4,000 Voters Opt For ‘Home Voting’ In 1st Phase Of Polling In Odisha

Bhubaneswar: More than 4,000 voters have opted for "home voting" in first phase of dual…

May 4, 2024

2nd U-Turn: Days After Resigning As Delhi Congress Chief, Arvinder Singh Lovely Joins BJP

New Delhi: Days after stepping down as the Delhi Congress chief, Arvinder Singh Lovely on…

May 4, 2024

Odisha Elections 2024: BJP Leader Baijayant Panda Halts Campaign As He Undergoes Eye Surgery

Bhubaneswar: National Vice President of the Bharatiya Janata Party (BJP) Baijayant Panda, who is contesting…

May 4, 2024