Almost seven months after arresting six people, the Economic Offences Wing (EOW) of the Crime Branch (CB) on Tuesday arrested five more persons in connection with the fraud case involving the Allahabad Bank, Nayasadak branch in Cuttack.
Sarat Kumar Behera, Ananda Chandra Nayak, Trilochan Nayak, Dillip Kumar Nath and Parma Nayak were booked under various Sections of IPC and forwarded to court. As many as 85 people, including a senior manager of the bank, were involved in the case.
In February this year, the EOW had arrested six persons, including a senior manager of the bank, five employees of the Cuttack Drainage Division.
Rabindra Kumar Jena, said to be the prime accused of the fraud, impersonating as a Drawing and Disbursing Officer (DDO) and Recovery Officer of the office of the Chief Engineer, Drainage Division, Cuttack had forged documents of 85 persons for availing ‘Saral loan’ (Simple) from Allahabad Bank, Nayasadak branch, Cuttack and acting as beneficiaries had taken loans fraudulently to the tune of Rs 2.5 crore from the bank.
The loan was allotted to the fake Drainage Division employees between December 31, 2009 and March 31, 2010. But when these people did not repay the loan, the bank started an inquiry and found that 78 of the applicants were not employees of the drainage division.