Cuttack: Three persons have been arrested by Commissionerate Police in Cuttack on charges of availing a loan of Rs 60 lakh from a branch of Union Bank of India by forging land and other documents.
The accused persons have been identified as Bapi alias Satya Sankar Satpathy, Khetra Mohan Tripathy (62), and Raju alias Rajkishore Swain (52).
Reportedly, Suresh Kumar Mohanty, Senior Branch Manager, Union Bank of India, Odisha State Bar Council Branch in Cuttack, had lodged a complaint against Satpathy at Lalbag Police Station on September 3.
As per the complaint, the bank had disbursed a sum of Rs 60 lakh cash credit loan to Satpathy on January 28, 2019, for the trading of Britannia product against a mortgage of immovable property in the name of one Satyabadi Baliarsingh.
Satpathy had submitted the ROR, Pan Card, Voter ID card, and photograph of said Satyabadi Baliarsingh to establish the identity.
After few months of availing the credit facility, Satpathy defaulted in repayment of dues despite repeated requests by the bank.
On March 31, 2021, the bank filed one suit before Debts Recovery Tribunal (DRT), Cuttack, against Satpathy and guarantor Satyabadi Baliarsingh. On receipt of the notice from DRT, Baliarsingh complained that he has no knowledge about the loan and has not put any signature on any loan document of Satpathy and he has no acquaintance with him.
Baliarsingh alleged that Satpathy has prepared forged documents like ROR, PAN card, Aadhar card, etc., and impersonated his identity to avail the said loan.
During the investigation, it came to light that Satpathy was running one business in the name of Haraparbati Agency and was dealing with Britannia Product. He was in urgent need of funds to run his business. So he conspired with Tripathy, Raju and other accused persons for the arrangement of forged documents to produce before the bank as a mortgage for availing of a Cash Credit loan.
So the accused Raju and other associates prepared forged documents of Baliarsingh of Nayagarh. As per their plan, Tripathy impersonated Baliarsingh. They forged Voter card, DL, Aadhar card, and other documents of Baliarsingh with the photograph of Tripathy. They also forged RSD and ROR of the property of Baliarsingh.
The manipulated documents were prepared so skillfully that they could not be detected on visualisation. The accused persons used the said forged documents as genuine at the Union Bank to avail the loan.
During field verification by the bak at the property site which was under construction, the accused persons placed Tripathy as the property owner. Tripathy also signed as guarantor in the loan as Baliarsingh.
Due to tactful conspiracy, the accused persons go the loan of Rs 60 lakh sanctioned from the bank. The prime accused Satpathy had absconded to avoid repayment of the loan.
However, the accused persons were arrested on September 10. Few more accused persons are still absconding. The investigation of the case is in progress and the criminal antecedents of all the accused persons are under verification.
