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Man arrested in Odisha for Rs 4 crore fraud

27/11/2021 at 7:09 PM

Berhampur, Nov 27: The Badabazar police has arrested a man for allegedly committing fraud worth Rs 4 crore.

The accused has been identified as Gupteswar Patnaik. Patnaik allegedly availed loans in names of 16 persons by furnishing forged documents in connivance with a bank manager.

Police said that the accused bank manager is absconding. “The case was registered on the basis of a complaint filed by one Sudhanshu Sekhar Padhi who alleged that Patnaik availed loan on hios name by producing forged documents. Subsequently, we started an investigation and nabbed Patnaik,” said a police official.

Police further said that they are also trying to apprehend the bank manager. “ Further investigation is continuing to ascertain the involvement of others in the fraud,” added the police official.    

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