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Tag: Loan Fraud

Athagarh loan Fraud
Six Arrested In Athagarh Cooperative Society Loan Fraud

Highly placed sources in the police said that over Rs 1 crore had been misappropriated from the cooperative bank accounts of many people in the district.

loot
Miscreants use 'magic pen' to loot man in Odisha

Bhubaneswar: With the development of digitalisation in Odisha, people of the State are witnessing a rise in instances of new ways of fraudulence. While forging someone’s bank cheques to loot money is not new, report of miscreants using a certain type of pen with ‘vanishing ink’ to plunder money from the bank account of a […]

arrested-ganja-racket
Khurda businessman arrested for Rs 1.5 crore-loan fraud

Bhubaneswar: The Economic Offences Wing (EOW) of the Odisha Crime Branch has arrested a businessman from Khurda for allegedly submitting fake mortgage documents and subsequently misappropriating a loan from Allahabad Bank in Bhubaneswar. The arrested businessman has been identified as Devraj Subudhi of Khurda. As per reports, the accused Devraj Subudhi along with Narayan Senapati, […]

urban-coop-bank-up
Berhampur Cooperative Urban Bank under scanner for loan fraud

Berhampur: The director of Berhampur Cooperative Urban Bank has filed a complaint with the Cooperation Minister SN Patro and the Deputy Registrar alleging that loans have been disbursed by the bank on basis of forged documents. As per the charges made by the director, P. Bheemudu, loans have been sanctioned either without proper documents or […]

malya
Mallya says met Jaitley before leaving India, Minister rejects his claim

London/New Delhi: Fugitive business tycoon Vijay Mallya, wanted in India for his alleged role in a multi-crore bank loan fraud case, on Wednesday sought to drag Finance Minister Arun Jaitley into controversy by claiming that he met him before he left the country in 2016, which the minister called “factually false”. Mallya, who talked to […]

SBI-Karchuli
Ex-bank manager held for crop loan fraud in Odisha

Ganjam: Buguda police have arrested Nirmad Nayak, former bank manager of State Bank of India (SBI), Karchuli branch in connection with a major agricultural loan fraud to the tune of nearly Rs 4 lakh. The key accused had embezzled the amount issued in the name of seven farmers of Udaipur village in Ganjan district, police […]

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Co-ops under scanner for loan fraud in Balasore, Rayagada

Balasore: Ekadasi Sahu, a farmer of Karianda village under Bhograi block in Balasore district, was appalled when she heard that she has over Rs 1 lakh due for repayment for a loan he had not even applied for. Ekadasi had taken a loan of Rs 15,000 from Daunada Cooperative Society in 2008 for farming. He […]

Woman Director Of Real Estate Firm Arrested For Rs 7.31 Crore Fraud
EOW arrests IOB DGM for Rs 1.8 cr loan fraud

Bhubaneswar: The Economic Offences Wing (EOW) today arrested Deputy General Manager (DGM) of India Overseas Bank (IOB) on charges sanctioning loans to the tune of Rs 1.8 crore with help of fake documents. The accused has been identified as a Bimbhadhara Swain who reportedly served as branch manager in 2010 at an IOB branch located […]

More than Rs 10 lakh agri loan fraud at SBI in Ganjam

Berhampur: More than Rs 10 lakh fraud was reported at the State Bank of India (SBI), Karchuli branch in Ganjam district with agriculture loan issued in the name of ghost loanees. While loans were issued by the bank to beneficiaries, details of the loanees could not be found during field visit of bank officials. For […]

EOW nabs woman over Rs 3cr loan fraud

Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch today nabbed a woman in Bhubaneswar in connection with a loan fraud to the tune of Rs 3 crore. The woman, identified as Sanghamitra Gouda, had taken separate loans from three different sources by mortgaging a single piece of land. According to sources, the woman […]