Topic result for loan-fraud

In its 15-page verdict, the State’s apex court treated the case as a rare and exceptional case and observed that the conviction has serious consequences upon the membership of the sitting MLA. 

In her response to the allegations, Gayatri said, “I know I have done wrong. I am also a poor. If I keep donating money like this, how can I survive... They even used foul words when I asked to return my money.”

The raid was conducted after a complaint was filed by the officials of the Union Bank of India, Sambalpur against the businessman Natwarlal Agarwal and his family members.

The accused, Gupteshwar Pattnayak who was arrested on Saturday has been accused of swindling money issued to the victims by Andhra Bank.

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.

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]