Bhubaneswar: The Economic Offences Wing, Bhubaneswar has arrested three people including Ex-Chief Manager and Field Officer of Punjab National Bank, Bapuji Nagar Branch, and one middle man in connection with a fraud of Rs 3.68 crore by using fake documents.
The Ex-Chief Manager has been identified as Birendra Kumar Pattanayak, Field Officer as Narendra Nayak, and the middle man as Prakash Kumar Behera.
Reportedly, Birendra and Narendra in criminal conspiracy with the partners of M/s Lingaraj Enterprises and others had extended business loans to the tune of Rs. 3.5 crores in favour of one M/s Lingaraj Enterprises against mortgage of residential duplexes of one Prashant Kumar Mohapatra without his knowledge. The said property documents were deposited by the complainant in the bank for availing a loan of Rs. 10 lakhs for him.
During the investigation, it has been revealed that Prashant had deposited the documents of his two duplexes at Balianta at the instance of the accused Bank Officials, to avail a loan of Rs.10 Lakhs. But the accused Bank officials in conspiracy with the middle man Prakash Behera and others used the said documents of Prashant in pledging and sanctioning a loan of Rs.3.5 Crores to M/s Lingaraj Enterprises beyond his knowledge and consent.
Later when Prashant was served notice under relevant sections of the SARFAESI Act by the Bank during November’2018, he got to know about the fraud.
An amount of Rs.1.5 Crores from the sanctioned loan amount has been diverted to the account of accused middle man Prakash Behera and an amount of Rs.10 Lakhs was subsequently diverted to the account of complainant Prashant to make him believe that the amount is his loan amount. Several debit transactions have been made from the account of accused middle man Prakash.
Many incriminating documents have been seized during the house search of accused Prakash, and the same are under scrutiny.
Notably, the accused persons, earlier have also adopted similar modus operandi in sanctioning loan of Rs.2.5 Crores for M/s. K.P. Solutions against mortgage of forged land documents and by impersonating the mortgagers.
The investigation of the case is continuing to identify and nab the other accused persons involved in both the fraud cases.