The Economic Offences Wing (EOW) of the State Crime Branch police on Saturday arrested three persons, including two State Bank of India (SBI) employees, on the charge of disbursing loans on the basis of fake documents and causing a loss of more than `67 lakh to the bank.
The held persons are Purandar Kabi, Dy Manager at the bank’s lead Bhubaneswar branch, Manindra Mohan Kar, Chief Manager at its lead Nabarangpur branch and Surendra Kumar Dhal, a retired employee who was the Manager of the bank’s Malgodam branch in Cuttack during the scam period. The trio sanctioned loans to 39 beneficiaries in the name of an orphanage and special school in Nuapada in Cuttack and on the basis of fake documents in 2006. The bank’s vigilance wing conducted a probe into the matter suspecting a scam when the loans were not repaid by the due date.In 2011, the case was handed over to the Crime Branch. Notably, 17 out of 39 loanees have got anticipatory bails.