Bhubaneswar, Sep 15: The Economic Offences Wing, Bhubaneswar today arrested two persons including Punjab National Bank (PNB), Jaydev Vihar Branch senior manager in a loan fraud case.
The arrested have been identified as Punjab National Bank, Jaydev Vihar Branch Senior Manager-cum-Assessment Officer Srikanta Prasad Prusty and Kali Prasad Mishra, proprietor of M/s K.P. Solutions, NageswarTangi, Bhubaneswar.
According to EOW, in a conspiracy with bank officer, Mishra, who deals with wholesaling and retail trading of tiles, sanitary items and electronic goods had availed Cash Credit(CC) loan amounting to Rs 2.5 crores by mortgaging the property of three guarantors, who during enquiry denied to have signed the documents and kept the properties as mortgage for the loan.
During investigation it was revealed that Mishra has used fake KYC documents including electricity bills and voter identity cards in names of three guarantors, who purportedly stood as guarantors for the loans and mortgaged their immovable property located at Madhu Patna, Cuttack during the year 2017, whereas the facts remained that one of the guarantors had expired during the year 2014, i.e, more than 3 years prior to the loan sanctioned.
Prusty, the then senior manager, Punjab National Bank, Bapuji Nagar Branch in criminal conspiracy with the loanee had recommended for sanction of huge CC loan by accepting the forged documents, mentioning to have verified identity of guarantors and also entertaining the impersonators for the guarantors to sign the mortgaged deeds knowing very well that, they are not the owner of the property and thereby caused huge loss to the bank/ Government exchequer.
The loan is now outstanding to the tune of Rs 267.33 lakhs.
The further investigation is on.