CBI officials on Thursday arrested two persons in connection with the much-talked-about UCO Bank fraud in 2013. The arrested were identified as Chitta Mallick and Surya Ranjan Behera.
It may be mentioned that the CBI on January 7 this year had conducted simultaneous raids at the residence, ancestral home and office of Niranjan Mallick, a city-based businessman, for allegedly floating fake companies and obtaining loans to the tune of Rs30 crore from a local branch of the UCO Bank in the name of the employees of these fraud companies.Due to an inordinate delay in the repayment of loans, the bank launched an investigation and found large-scale fraud by Mallick in obtaining loans from the bank. later, the bank requested the CBI to investigate the case.Acting on the direction of CBI SP MK Sinha, five teams of the CBI were constituted to conduct the probe. A number of incriminating documents were seized during the raids.Meanwhile, the CBI sleuths have started interrogation of the two arrested persons.