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Odisha: Five including former branch manager awarded 14 year jail, Rs 27 lakh fine each in bank fraud case

8/10/2020 at 8:24 PM

Baripada: A CJM court here today awarded 14-year imprisonment and imposed Rs 27 lakh fine each to then Bank of India (BOI) manager and four others in connection with Rs 1.31 crore fraud case.

The case was registered in 2014 by the Economic Offence Wing (EOW) of Crime Branch on the basis of a complaint by Sitakanta Mohanty, Branch Manager, Bank of India, SIPS Campus at Jharpokharia in Mayurbhanj district.

The case was registered against Girija Sankar Mishra, the then Branch Manager, Bangali Charan Jena a beneficiary, Susanta Kumar Jena intermediary in the loan process and Satarupa Mohanty, the second officer of the bank. During course of investigation the investigating agency found Girija Shankar in conspiracy with accused persons granted 131 fake bank loans of Rs 1 lakh each, amounting to Rs 1.31 crore. The investigating agency later found involvement of another person identified as Satyananada Patra in the case.

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