UBI Fraud In Bhubaneswar: CBI Registers Case Against Three Ex-Bank Officials
Bhubaneswar: CBI on Tuesday registered a case against three former officials of the United Bank of India (UBI)’s Nayapalli branch in Bhubaneswar in connection with the Rs 24 crore scam in 2017.
The case was registered against former chief manager Bhubaneswar Mohapatra, manager Rajesh Kumar Patanga and assistant manager Ashwini Kumar Patra, six builders (Uma Shankar Patro, Anuradha Patro, Pushpanjali Patro, Biswanath Jena, Kamalarani Jena and Aditya Kumar Jena) and 44 others for their involvement in the scam.
The case was registered after a simultaneous raid on the office and residence of these three former bank officials and six builders in Bhubaneswar, Puri and Rayagada from where the CBI officials seized incriminating documents.
According to the investigative agency, Mahapatra along with the two bank officials had connived with six builders and approved their projects without proper verification. As a result, at least 40 home loan borrowers, who were in on the alleged scam, received loans by submitting forged IT returns and KYC documents.