The CBI has registered FIRs against three bank officials, including former Chief Manager of the Union Bank of India’s Nayapalli Branch here Bhubaneshwar Mohapatra, in connection with a loan fraud to the tune of over Rs 24 crore in the branch in 2017.
The Central Bureau of Investigation (CBI) has acted on the basis of allegations that former UBI Nayapalli Branch Chief Manager Mohapatra in connivance with his two colleagues, former Assistant Manager Ashwini Kumar Patra and former Manager Rajesh Kumar Patanga and six builders helped several private borrowers in duping the bank of over Rs 24 crore.
Besides the three bankers, the CBI has also filed complaints against six builders and 44 other persons in this regard.
According to the allegations, the three bank officials had hatched a plan with the six builders and approved their projects without proper paperwork and verification of documents.
Apart from this, the bank officials had also sanctioned home loan to 44 borrowers who became involved in the fraud by submitting forged documents to the bank to obtain loans.
An amount of more than Rs 24 crore was then released by the bank officials, but the money was diverted by the accused builders for purposes other than the one they had disclosed to the bank.
CBI officials, in course their investigation, on Tuesday conducted simultaneous raids at places relating to the three bankers and the six builders in Bhubaneswar, Puri and Raigarh and seized several incriminating documents.