1 more held for bank fraud

Bhubaneswar: Economic offences wing (EOW) of Crime Branch Saturday made another arrest in the Rs 2.26 crore bank fraud case. The accused was identified as Bijay Kumar Nayak of Puran under Salepur police limits in Cuttack.
According to the EOW, around 85 persons had availed loans to the tune of Rs 2.26 crore from Nayasarak branch of Allahabad Bank in Cuttack under ‘Sarala loan’ scheme during the period December 2009 to March 2010.
The accused debtors forged the documents in collusion with one Rabindra Kumar Jena, an establishment officer in the office of Chief Engineer, drainage at Gandarpur of Cuttack district.
Pranab Kumar Ray, senior manager at the Nayasarak branch, registered a complaint with the police in relation to a fraudulent loan scam at his branch.
A case (01/12) was registered by the EOW October 5, 2012, under sections 419, 420, 468, 4781 and 34 of the IPC in this regard.
Investigation revealed that Nayak had availed a loan of Rs 3 lakh from the bank by impersonating as the junior engineer in the office of Chief Engineer, Drainage, Gandarpur.
Earlier, the sleuths arrested 23 persons in the case and the Judicial Magistrate of First Class (JFMC) court in Cuttack has convicted the main culprit Rabindra Kumar Jena for his role.

PNN

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