Bank Fraud: CBI Books Nine Including Four PNB Officials In Bhubaneswar

Bhubaneswar: The Central Bureau of Investigation (CBI) has registered a case against nine accused including four officials of Punjab National Bank, a Bhubaneswar-based private firm and its directors following a complaint from Punjab National Bank in connection with a bank fraud case amounting to Rs 31.92 crore.

The central agency had conducted searches at the official/residential premises of the accused including then officials of Punjab National Bank & private persons at Visakhapatnam (Andhra Pradesh), Kolkata (West Bengal), Jammu (J&K), Bhubaneswar and Cuttack (both in Odisha). During searches, incriminating documents and locker keys were found.

The complaint had been lodged against four officials of Punjab National Bank, Station Square Branch, Bhubaneswar i.e. the then Chief Manager Nagmani Satyanarayana Prasad; the then Assistant General Manager S. C. Sharma; the then Chief Manager Manoranjan Dash; then Senior Manager Priyotosh Das and Bhubaneswar based private firm M/s Global Trading Solutions Ltd; its Managing Director Abinash Mohanty, Ex-Director Kaushik Mohanty, Ex-Director Anshuman Samantaray, Director Bidhubhusan Nayak, and unknown officials of Punjab National Bank & unknown others.

It was alleged that the said PNB officials had entered into a conspiracy with the Bhubaneswar-based private firm through its said Director(s) in the matter relating to fraud perpetrated in processing, sanctioning and disbursing CC facility, bill discounting and issuing Letters of Credit to the said private firm during 2010-15.

It was further alleged that the said private firm had illegally diverted the funds received from the bank to its sister/group companies and misutilised the same beyond the scope of funds sanctioned/disbursed.

It was also alleged that the bank officials did not verify the genuineness of the business activities of said private company/firm. As a result, an alleged loss to the tune of Rs 31.92 crore (approx.) was caused to Punjab National Bank.


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