The Economic Offences Wing (EOW) of the Crime Branch police on Thursday arrested a person and his wife and son on the charge of duping several banks to the tune of `40 lakh in the State.
According to CB DIG Rajesh Kumar, the accused were identified as Keshab Chandra Dash and his wife Pusparenu of Aparnanagr village under the Chauliaganj police station in Cuttack had applied for a loan of `14l from the State Bank of Bikaner, Jaipur branch, in 2003 for construction of a house.
After submission of documents pertaining to their lands, the bank sanctioned the loan amount.
After six years in 2009, Das hs’ son Soumitra managed to get a loan to the tune of `6 lakh from the same branch of the bank by producing forged land documents.
“After getting a complaint, bank branch manager Khagan Mistry filed an FIR against the trio with the EOW. They stopped repaying their interests from 2010. During investigations, it was revealed that the documents submitted by the trio during sanction of the loan were forged,” said Kumar, adding that they have also managed to withdraw `20 lakh from Vijaya Bank in Cuttack adopting the same modus operandi.