The Keonjhar Town police arrested seven persons in connection of a bank loan fraud case here. According to a complaint filed by Branch Manager of Syndicate Bank Pratap Chandra Nayak in Town PS on October 29, 2014, former Branch Manager Ramesh Chandra Giri had sanctioned tractor loan to the tune of Rs 69,29,000 in favour of 11 farmers in 2011-12.
The beneficiaries were Baneswar Mahanta,Debashis Mahakud, Padmalochan Sahu, Purusottam Das, Bailochan Behera, Sushanta Behera, Ambika Prasad Mahapatra, Tarun Kumar Mahanta, Prafulla Nayak, Bibhuti Bhusan Barik and
Budhadeb Sahoo. later during internal bank audit, it was detected that these loans were disbursed on basis of forged land documents. After lodging of the FIR by the bank authority against the culprits, the police conducted an inquiry and arrested the seven persons involved in the case.
Investigations revealed that Duryodhan Das, Proprietor of M/S Rahul tractor show room, advocate Basant Ku Behera, former bank manager Giri had connived together with the loaners in disbursement of tractor loan through forged documents. The others involved in the case will also be arrested within a week, the police said.