Odisha Finance Co Manager Mortgages Fake Gold, Held For Rs 8L Loan Fraud

The accused branch manager, Sachidananda Samantaray was arrested from Ganjam district on Wednesday. Earlier, it was alleged that some unidentified persons had availed gold loan amounting to several lakhs from the finance company in Mancheswar area by mortgaging fake gold ornaments.

Odisha Finance Co Manager Mortgages Fake Gold, Held For Rs 8L Loan Fraud

The Commissionerate Police claimed to have solved a major fraud pertaining to loan embezzlement at a finance company, ICL Fincorp Limited, in Bhubaneswar with the arrest of a branch manager. The accused branch manager, Sachidananda Samantaray was arrested from Ganjam district on Wednesday.

Earlier, it was alleged that some unidentified persons had availed gold loan amounting to several lakhs from the finance company in Mancheswar area by mortgaging fake gold ornaments.