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.
Defended allegedly alleged loan sanctions RS 3.5 Crore to the company with a cheat use of other loan applicants in 2017.
The defendant was identified by the Sleuths as the former Head of Birendra Head Pattnik PNB Bapuji Nagar, Narendra Field Officer Nayak and an intermediary, Prakash Kumar Behera.
Srikant Prusty, a PNB senior manager and co-accused of fraud, is in process.
EOW said the defendant was suspected of giving loan sanctions that supported the Lingaraj company against the Property Mortgage (two housing duplex) from other loan applicants, which was identified as Prasant Kumar Mohapatra, without his knowledge.
“Mohapatra approached the bank to loan 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 official.
Furthermore, the bankers accused of being postponed with the Lingaraj Enterprises and Sanctions RS 3.5 Crore loans illegally to the company 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 to fraud.
But they ignored my request.
I was very suspicious of a large racket involved in forging original loanes for financial assistance to be given to others,” said Mohapatra.
EOW said Pattnik and Prusty were ordered for allegedly committing a similar fraud in 2020.
They allegedly gave sanctions RS 2.5 Crore to private companies using other people’s land records.
While Prusty was then arrested, Pattnik had managed to get anticipatory guarantee.