Sambalpur: The CBI today conducted a raid at the house of one businessman Natwarlal Agarwal at Balibandha.
According to reports, Agarwal has allegedly defrauded Rs 5 crore from Union Bank.
Agarwal had taken a loan of Rs 5 crore in phases from Union Bank Main Branch in 2014-17 for graphite business by furnishing forged documents.
On April 6, Union Bank’s Sambalpur Regional Office AGM Tapan Kumar Sahu filed a complaint against six persons, three companies and unidentified employees at CBI’s Bhubaneswar office.
The CBI after registering a case under sections 120B, 420, 467, and 468 of IPC against Agarwal raided his house.
