The Economic Offenses Wing in Bhubaneswar has arrested three persons, including two Punjab National Bank (PNB) officials in connection with a loan fraud of Rs 3.68 crore. The accused have been identified as former chief manager Birender Kumar Patnaik and field officer of PNB’s Bapuji Nagar branch Narendra Nayak and middleman Prakash Kumar Behera. The arrest took place on January 24.
According to a complaint filed by one Prashant Kumar Mohapatra, the accused bank officials in criminal conspiracy with partners of Lingraj Enterprises and others had given a business loan of up to Rs 3.5 crore against mortgage of a residential duplex in favor of Lingraj Enterprises. to the complainant without his knowledge.
The documents of the said property were submitted by the complainant to the bank for taking a loan of Rs 10 lakh for him.
Investigation revealed that during 2017, Mohapatra had deposited documents of his two duplexes in Balianta at the behest of the accused bank officials to take a loan of Rs 10 lakh. But the accused bank officials, in conspiracy with middleman Prakash Behera and others, used the said documents of the complainant to pledge and sanction a loan of Rs 3.5 crore to Lingraj Enterprises beyond the knowledge and consent of the complainant.
The said loan account of Lingraj Enterprises turned NPA in 2018 with outstanding loan amount of Rs 3.68 crore. The complainant Mohapatra came to know about the fraudulent act of the accused persons only after they were served notice under SARFAESI Act by the bank during November 2018.
The investigation found that out of the sanctioned loan amount, an amount of Rs 1.5 crore has been transferred to the account of the accused middleman Behera and later an amount of Rs 10 lakh was transferred to the account of the complainant to make him believe that the amount was his loan amount. Is.
Again, several debit transactions have been made from Behera’s account. Apart from this, several incriminating documents have been seized during the search of the house of accused Behera, which is being investigated.
The accused persons have already adopted similar modalities to KP Solutions for pledging forged land documents and sanctioning loans of Rs 2.5 crore as pledgee. Investigation is on to identify and nab the other accused involved in both the cases.
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