Ramakanta Biswas

Bhubaneswar: The Economic Offences Wing (EOW) of the Crime Branch on Wednesday arrested two former employees of Syndicate Bank in Odisha in connection with loan fraud to the tune of Rs 1.96 crores.

The accused have been identified as Subash Chandra Dash, former branch manager and Marianus Lakra, former assistant manager of Syndicate Bank’s Burla branch in Sambalpur district. The accused have been forwarded to the court of the sub-divisional judicial magistrate (SDJM) in Sambalpur today.

According to sources, a case was registered against the two accused on the basis of a complaint lodged by Regional Manager of Syndicate Bank in Bhubaneswar, Chandrakanta Mohapatra. In his complaint Mohapatra had alleged that the accused duo in criminal conspiracy with others had sanctioned 196 agricultural loans of Rs 1 lakh each to fictitious persons under Syndicate Kisan Card Scheme.

Raids were conducted at the houses of the two accused and incriminating documents were seized. Further investigation is underway in the case, the EOW added.

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