Crime

EOW nabs one more person in Nayasarak Allahabad bank loan fraud case

Cuttack: The Economic Offences Wing (EOW) of the State Crime Branch today arrested one Abhilash Mohanty in connection with a loan fraud case at the Allahabad bank, Nayasarak branch occurred between 2009 and March 2010.
With the arrest of Mohanty, at least 18 persons have been arrested in this connection. Meanwhile, Mohanty was forwarded to the Cuttack Sub-Divisional Judicial Magistrate Court.

The instant case was registered on the report of Pranab Kumar Ray, senior manager of Allahabad bank of Nayasarak branch in Cuttack in the matter of fraudulent availing of loan to the tune of Rs 2.26 crore by 85 loanees under 'Sarala Loan' scheme from the brnahc from the December 2009 to March 2010 on the basis of forged documents in collusion with Rabindra Kumar Jena, establishment officer at the Cuttack-Gandarpur-based Drainage Division Chief Engineer's office.

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