Bhubaneswar: Wing Wing Wing (EOW) from the crime branch of the country here on Thursday arrested three people, including an official retirees of senior and current employees from the Punjab National Bank (PNB), because they were suspected of deceiving Bank RS 3.68 Crore.
Accused of being allegedly approved by Rs 3.5 Crore loans to the company with a cheat using another loan applicant in 2017.
The defendant was identified by the Sleuths as the former Head of Burendra Manager Pattnik PNB Bapuji Nagar, Narendra Narendra Field Officer and an intermediary, Prakash Kumer Behera.
Srikant Prusty, a Senior PNB manager and someone who was accused of being together in fraud, was being identified as Prasant Kumar Mohapatra, without his knowledge.
“Mohapatra approached the bank for a loan of Rs 10 lakh in 2017.
He handed all the required documents and pawned two duplexes near the bank to get a loan,” said an EOW RS 3.5 Crore official loaned illegally to the company by using the Mohapatra mortgage document.
Lingaraj company loan account turned into a non-performing asset (NPA) in 2018 with the number of loans circulating to touch around RS 3.68 Crore.
RS 3.5 Crore, Behera has received Rs 1.5 Crore.
He then transferred Rs 10 Lakh to the Mohapatra account, which was made to believe that it was the number of approved loans.
Mohapatra accepted a jolt after a few months when he learned that the land documents cheatedly used by the bank to provide loan sanctions to the Lingaraj company.
“I attracted the attention of PNB officials for fraud.
But they ignored my request,” Mohapatra said.
EOW said Pattnik and Prusty were ordered for suspected of committing a similar fraud in 2020.
They allegedly gave sanctions Rs 2.5 Crore to private companies using other people’s land records.