CBI conducts raid in Rs 13cr fraud

Bhubaneswar: The Central Bureau of Investigation (CBI) sleuths on Thursday conducted raids at eight different places here in the state capital in connection with the Rs 13 crore fraud.

According to reports, the office and residences of suspended Odisha Gramya Bank (Dumduma branch) manager Kalindi Charan Nayak, jewel appraiser of the branch Manabhanjan Sahoo and one businessman Ratikanta  Kanungo  are being raided by the officials.

Sources said, the investigating officials are also conducting simultaneous raids on the residences of Nakul Parida, Bijan Sahoo, Anil Kumar Das, Purusottam Sahoo and Suryanarayan Sahoo who according to bank records had taken loan to the tune of Rs 13.22 crore from Odisha Gramya Bank’s Dumduma-branch by mortgaging fake gold jewellery in December 2012.

It is learnt that these five persons raised the loan by mortgaging imitation jewellery weighing 66 kg and the loan was given between December and March.

The matter came to light earlier this month after the bank authorities stumbled upon the sanction of such a big amount within a period of three months. The authorities began a probe, following which it was found that the gold jewellery mortgaged by the depositors were imitations.

After receiving a written complaint from the bank authorities, the CBI officials had seized some loan-related documents in this connection.