Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch arrested accused assistant manager of IDBI Bank of Dandamukundapur Branch, Pipili in Puri district for loan fraud.
The EOW arrested Tanmay Kumar Maharana from Raipur and produced him before local JMFC. He was brought to Odisha on transit remand.
He will be produced before the designated Court under OPID Act, Cuttack
He was arrested on the complaint of Sandeep Pattnaik, General Manager, IDBI Bank, Bhubaneswar. Pattnaik alleged that that Sarojkanta Mohapatra, Ex-Branch Head (now Manager) and Tanmay Kumar Maharana had illegally sanctioned 35 fictitious loans (majorly MUDRA loans) amounting to Rs.3.70 Cr mostly in favour of their close relatives.
Investigation revealed that Mohapatra and Maharana had fraudulently created 35 fictitious MUDRA loans amounting to Rs.10 lakhs each in the name of their close relatives without the knowledge of the loanees.
The disbursement of the loans was made to 35 loanees out of the funds of bank covered under General Ledger Account. The loan amounts were found to have transferred/diverted invariably to one particular account.
Further, to avoid audit, the above-noted two bank officers closed the MUDRA loans created fraudulently by transferring the cash from the accounts of BDO, Pipili. They could manage it by giving the false impression to the BDO that the amount has been deposited in the Flexi Account.
