20 November 2019
Bhubaneswar: The Ex-Branch Manager and Ex-Assistant Manager of Syndicate Bank, Burla Branch were arrested by Economic Offences Wing (EOW) of Odisha Crime Branch on Wednesday in connection with a loan fraud amounting to Rs 1.96 crores.
Regional Manager of Syndicate Bank, Bhubaneswar, Chandrakanta Dasmohapatra, had on November 6 lodged a complaint with the EOW reporting a loan fraud of the said amount was committed during the period from 2014 to 2016 by the then Branch Manager Subash Chandra Dash and Assistant Manager Marianus Lakra of Burla Branch.
As per his complaint, the duo in criminal conspiracy with others, sanctioned or disbursed 196 Agriculture loans (Syndicate Kisan Card Scheme) of Rs 1 lakh each to fictitious persons, amounting to Rs 1.96 crores based on forged documents and using the same as genuine. The above loans became NPA causing wrongful loss to the bank.
Investigation revealed that Dash as Branch Manager had sanctioned and disbursed the above loans whereas Lakra as Assistant Manager had recommended for sanctioning of these Agricultural loans. It is also revealed that fake or forged documents such as ID proofs, KYC and other documents were submitted with the loan application forms.
In some instances loan amounts have been disbursed to dead persons and in some cases the photographs of loanees affixed in the loan applications are not tallied with the photographs of the persons, in whose names loan amounts have been disbursed.
Furthermore, the accused persons in connivance with each other used fake and forged document as genuine, sanctioned or disbursed the loan and thereafter misappropriated the public money causing wrongful loss to the bank.
In this connection, simultaneous searches have been conducted in the residential premises of aforementioned accused persons and incriminating documents have been seized. The investigation is in progress, informed the EOW.