Bhubaneswar: The Economic Offences Wing, Bhubaneswar has arrested one Rajeev Lochan Das in a case registered on March 23, under Sections 420/406/465/467/468/294/506/120-B/34 of the IPC and Section 66 of the IT Act.
The accused was produced before the Court of SDJM, Bhubaneswar today, the EOW stated.
This case was registered on the written allegation of one Nisharani Mohapatra against Das and others for taking loan of Rs 5.50 crore, fraudulently by showing forged documents and misappropriation of the same.
The accused Rajeev Lochan Das, one of the Directors of Lumex Resources Pvt. Ltd. had taken a loan of Rs 5.50 crore from the complainant Nisharani Mohapatra in 2019, by furnishing forged documents.
After availing the loan fraudulently, the accused did not repay the loan after some initial repayments and finally stopped repayment and misappropriated the amount by not utilizing the same for the purpose for which the loan was taken.
“Incriminating documents like agreements and e-mail correspondences have been seized from the accused. The investigation of the case is on,” the EOW stated.
