CB arrests three of a family for duping banks of Rs 40L
Cuttack: The Crime Branch of Odisha Police on Thursday arrested father, mother and son of a family on charges of duping several banks to the tune of Rs 40 lakh here.
According to Crime Branch DIG Rajesh Kumar, the accused Keshab Chandra Dash and his wife Pusparenau of Aparnanagr under Chauliaganj PS had applied for a loan of Rs 14 lakh in State Bank of India Bikaner and Jaipur, Cuttack branch in 2003.
The bank had sanctioned the loan amount to the accused who produced documents pertaining to lands.
After six years in 2009, another accused Soumitra, son of Keshab managed to sanction a loan to the tune of Rs 6 lakh from the same branch.
The matter came to light after manager of the branch Khagan Mistry filed an FIR against the trio who stopped repaying their loans from 2010.
“Investigations have revealed that the documents submitted by these three during sanction of loan are forged. We also came to know that they have withdrawn Rs 20 lakh from Vijaya Bank in Cuttack adopting the same modus operandi,” Kumar stated.
Officials however estimate from ongoing investigations that the total amount could cross Rs 1 crore which the trio has duped from as many as seven banks.