The Crime Branch’s Economic Offences Wing (EOW) on Tuesday arrested a 43-year-old resident of Bagha Ragodi village under the Konark police station in Puri district, for fraudulently availing loan of Rs 2.02 crore from the Odisha Gramya Bank (OGB).
The accused was identified as Bijaya Kumar Pradhan. Bijaya along with his close relatives availed the loan from the bank for purchasing two vehicles by submitting forged and fabricated documents.
Later, a case was registered against him on the basis of the complaint of Odisha Gramya Bank Regional Manager Debadutta Nanda, the EOW said.
During probe by the investigating agency it was revealed that accused Bijaya along with his brother Bikram, sister-in-law Rajalaxmi, and her brother Madan Mohan Pradhan hatched a criminal conspiracy with the then Rasulgarh Branch Manager Prasanna Kumar Jena to defraud the bank.
While availing the loans they had submitted forged
documents such as RC book and insurance papers and embezzling the loan amount without purchasing the vehicles.
Earlier, Prasanna, Bikram, his wife Rajalaxmi and Madan Mohan Pradhan were arrested on November 10, 2018.
Bijaya was forwarded to the SDJM court here on the day.